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

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

ChapterA: Working With Diagrams

Section: Chapter Questions

Problem 8QP

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