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WAEC Economics 1997 Question 30

Question 30

Basic Concepts

The outward shift of the production possibility curve could be due to

  1. A.military conquest
  2. B.increased money supply
  3. C.inflation
  4. D.economic growth
  5. E.massive importation
Show the answer and explanation

Answer: D (economic growth)

Explanation

An outward shift shows the economy can produce more of both goods, which is economic growth.