Answered

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? Question
Part A
In this task, you will combine what you found for unemployment data in Task 1 with what you learned in
the tutorial about Production Possibility Curves to create a PPC. On the graph below, sketch a
hypothetical Production Possibility Curve. Use your interpretation of the current unemployment data to
place a point on the graph that represents where the US economy might currently be in terms of its
output of goods and services [For instance, you may ask: How might the country be allocating its
resources (to produce the goods referenced on the graph axes)? And: Is it operating within, on, or
outside of its PPC?].

Sagot :

The production possibility curve simply represents the alternative production possibilities that are open to an economy.

What is a production possibility curve?

A production possibility curve simply means a graph that shows the various combinations of output that can be produced with the resources and technology.

In this case, the production possibility curve simply represents the alternative production possibilities that are open to an economy. It's also known as the production possibility frontier.

Learn more about PPC on:

https://brainly.com/question/2617319

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