Figure 2-4 
Figure 2-4 shows various points on three different production possibilities frontiers for a nation.
-Refer to Figure 2-4. Consider the following movements:
a. from point V to point W
b. from point W to point Y
c. from point Y to point Z
Which of the movements listed above represents economic growth?
Definitions:
Net Income
The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues.
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