Lesson Note 5.5: Methods for Estimating Project Times and Costs, 5 pts. This section in the textbook introduces a number of techniques. Do not focus on the details of each technique. Learn the terms and focus on understanding that a number of techniques fit the top-down category of estimating.
A productionâpossibility frontier (PPF) or production possibility curve (PPC) is the possible tradeoff of producing combinations of goods with constant technology and resources per unit time.
The new IMF analysis is based on a statistic called 'purchasing power parity' (PPP), which makes adjustments for the fact that goods are cheaper in China and other countries relative to the US. Without these cost adjustments factored in, the Chinese economy is still smaller than that of the U.S., at $10.3 trillion.