additional slides learning outcome 1 level 5 economics
Post on 30-Dec-2015
214 Views
Preview:
TRANSCRIPT
Additional Slides
Learning Outcome 1Level 5 Economics
Production Possibility Frontier
0
100
200
300
400
500
600
700
800
900
0 100 200 300 400 500 600 700Civilian Goods
MilitaryGoods
A
B
C
D
E
F
H
G
Solution to Solution to exercise exercise sheet 2; sheet 2; not given not given every every semester.semester.
positive growth
• U moves towards PPF
• PPF does not move
negative growth
• U moves away from PPF
• PPF does not move
Growth by increased capacity utilisationesc to esc to returnreturn
Growth by Expansion of the PPFesc to esc to returnreturn
Decreased unemployment allowing above-normal growth
U1
U2
esc to esc to returnreturn
Increased unemployment despite growth
U1
U2
esc to esc to returnreturn
Recession: negative growth despite an increased PPF (high unemployment).
U1U2
esc to esc to returnreturn
Calculating the slope of a line
MBW2p.33
Slope = – 2/8= – 0.25
Slope = – 4/8= – 0.5
top related