GRAPH Reset Capital Goods Production Possibilities (Present) Production Possibilities (Future) 17 16 15 14 13 12 11 10 9 8 5 4 3 2 1 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Consumption Goods More More Saving Consumption 1 2 3 4 5 7 CALCULATIONS Consumption Goods Produced 4.0 Capital Goods Produced 7.5 Instructions: Adjust the slider and gather information from the graph to answer the following questions. a) If a country produces 2 units of consumption goods, how many units of capital goods can it currently produce using all of its resources? 8.6 b) If a country produces 2 units of consumption goods now, and it continues to produce 2 consumption goods goods in the future, how many units of capital goods can it produce in the future? 15 report your answer to one decimal place c) If a country produces 3 units of consumption goods now, and then it produces 2 consumption goods in the future, how many units of capital goods can it produce in the future? 15 report your answer to one decimal place
GRAPH Reset Capital Goods Production Possibilities (Present) Production Possibilities (Future) 17 16 15 14 13 12 11 10 9 8 5 4 3 2 1 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Consumption Goods More More Saving Consumption 1 2 3 4 5 7 CALCULATIONS Consumption Goods Produced 4.0 Capital Goods Produced 7.5 Instructions: Adjust the slider and gather information from the graph to answer the following questions. a) If a country produces 2 units of consumption goods, how many units of capital goods can it currently produce using all of its resources? 8.6 b) If a country produces 2 units of consumption goods now, and it continues to produce 2 consumption goods goods in the future, how many units of capital goods can it produce in the future? 15 report your answer to one decimal place c) If a country produces 3 units of consumption goods now, and then it produces 2 consumption goods in the future, how many units of capital goods can it produce in the future? 15 report your answer to one decimal place
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
ChapterA: Working With Diagrams
Section: Chapter Questions
Problem 1QP
Related questions
Question
![GRAPH
Reset
Capital Goods
17
Production Possibilities (Present)
Production Possibilities (Future)
16
15
14
13
12
11
10
8
7
6
5
4
3
2
1
1 2
3
4
5
7 8
10
11
12
13 14 15
Consumption Goods
More
More
Saving
Consumption
1
2
3
4
5
6
7
CALCULATIONS
Consumption Goods Produced
4.0
Capital Goods Produced
7.5
Instructions: Adjust the slider and gather information from the graph to answer the following questions.
a) If a country produces 2 units of consumption goods, how many units of capital goods can it currently produce
using all of its resources?
8.6
b) If a country produces 2 units of consumption goods now, and it continues to produce 2 consumption goods goods in the future, how many units of
capital goods can it produce in the future?
15 report your answer to one decimal place
c) If a country produces 3 units of consumption goods now, and then it produces 2 consumption goods in the future, how many units of capital goods can
it produce in the future?
15
report your answer to one decimal place](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0a5ac3c6-e4ab-423a-91e1-ff33bdae0d07%2F77f1a7b4-cbcc-4e47-9e25-df9c98a514c7%2F8ordql6_processed.png&w=3840&q=75)
Transcribed Image Text:GRAPH
Reset
Capital Goods
17
Production Possibilities (Present)
Production Possibilities (Future)
16
15
14
13
12
11
10
8
7
6
5
4
3
2
1
1 2
3
4
5
7 8
10
11
12
13 14 15
Consumption Goods
More
More
Saving
Consumption
1
2
3
4
5
6
7
CALCULATIONS
Consumption Goods Produced
4.0
Capital Goods Produced
7.5
Instructions: Adjust the slider and gather information from the graph to answer the following questions.
a) If a country produces 2 units of consumption goods, how many units of capital goods can it currently produce
using all of its resources?
8.6
b) If a country produces 2 units of consumption goods now, and it continues to produce 2 consumption goods goods in the future, how many units of
capital goods can it produce in the future?
15 report your answer to one decimal place
c) If a country produces 3 units of consumption goods now, and then it produces 2 consumption goods in the future, how many units of capital goods can
it produce in the future?
15
report your answer to one decimal place
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