economic growth production possibility frontier

WilliamsHenry · #1 Apr 27, 2008, 01:58 PM

Economists agree that an economy cannot grow without savings. This means forgoing current consumption, saving, and investing in capital goods. Using the production possibility frontier curve, explain the tradeoff between current consumption and savings and how this impacts economic growth.

Curlyben · Apr 27, 2008, 02:07 PM

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scbigmomma · May 21, 2008, 04:18 PM

Economists agree that an economy cannot grow without savings. This means forgoing current consumption, saving, and investing in capital goods. Using the production possibility frontier curve, explain the tradeoff between current consumption and savings and how this impacts economic growth.



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