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Business, 04.10.2021 18:10 alysonmariefont

Suppose that country A and country B currently have identical production possibilities frontiers but that country A devotes only 5 percent of its resources to producing capital goods over each of the next 10 years, whereas country B devotes 30 percent. Which country is likely to experience more rapid economic growth in the future? Illustrate using the production possibilities frontier graph. Your graph should include production possibilities frontier for country A today and in 10 years and the production possibilities frontiers for country B today and in 10 years.

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