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Question
Choose the correct answer from given options
In the given figure X1Y1 and X2Y2 are Production Possibility Curves in two different periods T1 and T2 respectively for Good X and Good Y. A1 and A2 represent actual outputs and P1 and P2 represent potential outputs respectively in the two times periods.
The change in actual output of Goods X and Y over the two periods would be represented by a movement from __________.
Options
A2 to P2
A1 to P2
P1 to A2
A1 to A2
Solution
The change in actual output of Goods X and Y over the two periods would be represented by movement from A1 to A2.
Hence, the correct answer is A1 to A2.
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