Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 1 - Limits, Alternatives, and Choices - Problems - Page 23: 8

Answer

The graph shows America's and China's production of goods for the present and the future and the subsequent growth of their economy.

Work Step by Step

The two black dots show America's and China's production of goods for the present and the future. Because China produces more goods for the future and less for the present, its economy has grown more.
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