According to the classical growth theory of Thomas Malthus,
A) increases in real GDP per person are only temporary.
B) technological advances lead to permanent increases in real GDP per person.
C) the population growth rate is fixed.
D) labor productivity increases continuously.
Correct Answer:
Verified
Q276: When did productivity grow most rapidly?
A) 1960
Q277: Which of the following is associated with
Q278: Suppose that capital per hour of labor
Q279: The view that population growth occurs when
Q280: With no technological change, a 7 percent
Q282: Which of the following is consistent with
Q283: Classical economists believed that technological progress would
Q284: The assumption that population growth will lead
Q285: Which of the following is consistent with
Q286: Classical growth theory asserts that
A) an increase
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