Ashleyrango7758 Ashleyrango7758

20-10-2017
Business

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When a nation achieves higher economic growth when its: level of potential output increases. real gdp has reached a peak in the business cycle. production possibilities frontier shifts outward. previousnext?

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andriansp andriansp

28-10-2017

The answers are:
level of potential output increases.production possibilities frontier shifts outward
Higher economic growth means that more capital is available to produce the goods and sercvices on larger scale.
It also means that there is more fund available for research and development which increase production possibilities frontier

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