According to the neoclassical growth theory,
A) higher saving rates generate permanently faster growth in GDP per person.
B) forces other than GDP growth determine population growth.
C) increases in labor productivity are only temporary.
D) technological change depends on people's choices.
Correct Answer:
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A) only some
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Q298: Classical growth theory proposes that real GDP
Q300: Classical economists believed that
A) real wage rates
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Q304: Neoclassical growth theory attributes economic growth to
A)
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A) real GDP
Q306: ![]()
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