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Exhibit 3-9
-Refer to Exhibit 3-9. In order to move from Point D to Point C, the economy will have to give up:
Resource Demand
The desire and ability of firms to acquire economic resources or inputs like labor, technology, and raw materials, influenced by the price of these resources and the level of economic output.
Population Growth
The increase in the number of individuals in a population, usually expressed as a percentage of the total population per year.
Consumption Per Person
A measure of the average amount of goods and services consumed by each person within a specific population.
World Commodity Prices
The prices at which basic products, which are traded globally, are sold and bought in the international markets.
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