shifting the production

four methods for growing/shifting the production possibility curve to the right, and growing your economy:

  • Increase the quantity of your resources
  • Invest in technology and increase the quality of your resources
  • Sacrifice consumer goods to produce more capital goods
  • Specialization and trade.

Go to the World Factbook section

of
https://www.cia.gov/index.html, and the www.bea.gov web site, as well as other web sites listed in your readings and look up the growth rates for the United States

, Brazil China
, and India then use your research to answer the following question.

Of the four methods for growing an economy, which one or ones do you feel are responsible for the economic growth in the U.S., Brazil, China and India? Explain your reasoning based on the economic principles and concepts by connecting one or more of the four methods that shift the production possibility frontier (PPF) to the data you have found for each country.

 
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