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4 November, 05:58

What is the impact of economic growth on a nation's gdp and ppc?

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  1. 4 November, 06:10
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    GDP is the summation of all goods and services produce in an economy in a particular period of time while PPC (Production possibility curve) is a graph that compares the production rate of 2 commodities that uses the same fixed amount of the factors of production. When the economy is growing GDP increases. When PPC shift outward it indicates that the economy is growing.
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