Growing Economy

four methods for growing/shifting the production possibility curve to the right, and growing your economy:

• Increase the quantity of your resources
• Invest in technology and increase the quality of your resources
• Sacrifice consumer goods to produce more capital goods
• Specialization and trade.

Go to the World Factbook section of https://www.cia.gov/index.html, and the www.bea.gov web site, as well as other web sites listed in your readings and look up the growth rates for the United States, Brazil China, and India then use your research to answer the following question.

Of the four methods for growing an economy, which one or ones do you feel are responsible for the economic growth in the U.S., Brazil, China and India? Explain your reasoning based on the economic principles and concepts by connecting one or more of the four methods that shift the production possibility frontier (PPF) to the data you have found for each country.

 

Must be five double-spaced pages in length (excluding the title page, reference page, etc.) and formatted according to APA style.
Must have a cover page that includes:
Title of paper
Student’s name
Course name and number
Instructor’s name
Date submitted
Must include an introductory paragraph with a succinct thesis statement.
Must address the topic of the paper with critical thought.
Must conclude with a restatement of the thesis and a conclusion paragraph.
Must document all sources in APA style, as outlined.
Must include at least six references (one may be the textbook).
Must include a separate reference page, formatted according to APA style.