26 Views

Question : Assertion: Economic growth can shift outward the production possibilities curve (PPC)d.

Reason: Economic growth occurs when there is an increase in a country's resources or technological advancement.

Option 1: Both the assertion and reason are true, and the reason is a correct explanation of the assertion.

Option 2: Both the assertion and reason are true, but the reason is not a correct explanation of the assertion.

Option 3: The assertion is true, but the reason is false.

Option 4: The assertion is false, but the reason is true.


Team Careers360 10th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Both the assertion and reason are true, and the reason is a correct explanation of the assertion.


Solution : The correct answer is (a) Both the assertion and reason are true, and the reason is a correct explanation of the assertion.

The assertion is true. Economic growth refers to an increase in a country's real output of goods and services over time. When an economy experiences economic growth, it can produce more goods and services than before, which allows the PPC to shift outward.

The reason provided is a correct explanation of the assertion. Economic growth can be achieved through various factors, including an increase in resources such as labor, capital, or natural resources, as well as advancements in technology and innovation. These factors enable an economy to produce more output with the same amount of resources or to produce the same output with fewer resources, leading to an outward shift of the PPC.

Therefore, both the assertion and reason are true, and the reason is a correct explanation of the assertion.

Related Questions

MAHE Manipal M.Tech 2025
Apply
NAAC A++ Accredited | Accorded institution of Eminence by Govt. of India | NIRF Rank #4
Amity University, Noida Law A...
Apply
700+ Campus placements at top national and global law firms, corporates, and judiciaries
Amity University, Noida BBA A...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities in QS Asia Rankings 2025 | Scholarships worth 210 CR
Amity University | M.Tech Adm...
Apply
Ranked amongst top 3% universities globally (QS Rankings).
Sanskriti University LLM Admi...
Apply
Best innovation and research-driven university of Uttar Pradesh
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books