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Three countries – A, B and C have same Production Possibility Frontier (PPF), but have dif

Three countries – A, B and C have same Production Possibility Frontier (PPF), but have dif

Three countries – A, B and C have same Production Possibility Frontier (PPF), but have different investment behavior. Country A made a gross investment equal to its depreciation. Country B spent most of its income on consumption. Country C invested heavily by sacrificing its current consumption. After 10 years which country will have a higher PPF?


[A]Country A

[B]Country B


[C]Country C


[D]Both (b) and (c) above

 

Roshan kumar 09-Jan-2018

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