Question

rom 2000 to 2010, the economy of the United States grew at an average annual rate of 3.4 percent. What do you think happened to the production possibilities frontier?

Answer 1

From 2000 to 2010, the gross domestic product in the United States grew at an average annual rate of 3.4 percent because since United States was producing, we were getting more income.

Answer 2

Increased because since United States was producing, we were getting more income.