Which of the Following Is Definitely True If the Production

question 122

Multiple Choice

Which of the following is definitely true if the production possibilities curve shifts outward?

• A) Aggregate supply has increased.
• B) Population has increased.
• C) GDP per capita has increased.
• D) Inflation has increaseD.

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Definitions:

Rainfall

The amount of rain that falls over a specific area in a given period of time, often measured in millimeters.

Average

A statistical measure representing the central or typical value in a set of data, calculated primarily as the mean, median, or mode.

Total

It refers to the whole amount, quantity, or number of something, considered without divisions or exceptions.

Relative Frequency

The ratio of the number of times a particular event occurs to the total number of trials or instances.