What is the production possibilities frontier

Assignment Help Microeconomics

Reference no: EM131484768

Question: Show the importance of savings to economic growth using a production possibilities frontier (PPF) where the two goods available are consumption goods and physical capital goods. Remember that any particular PPF represents a specific value of GDP at one point in time, with PPFs further out measuring higher levels of total GDP. Show how the choice of the mix of consumption and physical capital goods chosen by an economy at any one point in time affects the level of GDP over the future. What would happen to the PPF and total GDP in the future if all GDP produced now is consumed and none goes to physical capital goods?

Reference no: EM131484768

Questions Cloud

Analyze and synthesize information from the assigned reading : Analyze and synthesize information from the assigned readings while reflecting on their own lived experiences using personal examples.

Review the differences in intended and realized strategies : Review the differences between intended and realized strategies. Why is it so difficult to execute strategies just as they are originally planned?

Draw a phylogenetic tree of the animal kingdom : Draw a phylogenetic tree of the animal kingdom including the following phyla: Annelida, Arthropoda, Cnidaria, Chordata, Mollusca, Nematoda, Platyhelminthes.

Considerations associated with insufficient surveillance : Analyze the ethical considerations associated with insufficient surveillance. Consider your own position on who should be held responsible for public health.

What is the production possibilities frontier : Show the importance of savings to economic growth using a production possibilities frontier (PPF) where the two goods available are consumption goods.

Identify the potential impact for the audit : Identify the potential impact for the audit and any particular audit steps that need to be undertaken to reduce audit risk

Examine a topic in philosophy of religion : Examine a topic in philosophy of religion in more depth. The paper should consist of two parts, though headings are unnecessary.

Apply to modern human populations : Why is the concept of carrying capacity hard to apply to modern human populations? Did it apply to primitive humans?

How instant messaging influences communications components : Discuss how instant messaging and videoconferencing influences communications components as illustrated in the transactional model on page 104 of your textbook.

User Account

All Pages