Economic slow down in some parts of the world has adversely affected demand for indian exports. What will be its effect on the production possibility frontier of india? Explain
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Economic slow down in some parts of the world has adversely affected demand for indian exports.
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A fall in Indian exports would lead to shrinkage in the overall production of goods and services in the country. Production possibility curve (PPC) is an indicator of growth or decline in the productive activities of the economy. There would be a significant leftward shift in the PPC curve of India.
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