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In the Neoclassical Growth Model,if Capital and Labour Grow at the Same

Question 67

Multiple Choice

In the Neoclassical growth model,if capital and labour grow at the same rate,we will observe


A) rising GDP but falling living standards.
B) rising GDP but no change in living standards.
C) rising GDP and increasing living standards.
D) increasing living standards but only for workers using labour-intensive production.
E) increasing living standards but only for workers using capital-intensive production.

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