Econ Macro (book Only)
6th Edition
ISBN: 9781337408745
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 8, Problem 2P
Sub-Part
A
To determine
Production possibilities frontier to demonstrate
- The effect of
PPF in next period upon the combination of goods selected in present period.
Sub-Part
B
To determine
Production possibilities frontier to demonstrate economic growth for:
b. More or less growth on choosing different point on PPF.
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Microeconomics QUESTION 1
a) i. Illustrate using a comparative line graph (three lines on one graph) the following for 2014 to 2020:
1) mobile subscription growth rate (%),
2) fixed internet subscription growth rate (%) and
3) Pay TV subscription growth rate.
ii. Interpret the trends observed in part a) i. above.
iii. “In recent times, we are seeing residential customers demanding higher broadband subscription and speeds which poses a dilemma to pay TV providers.”
To what extent is this statement accurate.
11. A. What are the two sources of economic growth given in the book?
Capital good (millions per month)
c
Consumption goods (millions per month) 1
C. Using the above graph where each point represents different countries, which country should have the
slowest economic growth? Why?
(Ctrl)
A country's choice of producing capital goods versus consumption goods today
a - has no effect on the country's PPF over time because resources are fixed.
b - would have the same effect on PPF over time since both drive economic growth evenly.
c - would expand PPF more over time if more capital goods are produced today.
d - would expand PPF more over time if more consumption goods are produced today.
Chapter 8 Solutions
Econ Macro (book Only)
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Similar questions
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