Classical growth theory asserts that
A) only some countries can have economic growth.
B) growth in real GDP per person is temporary.
C) real GDP growth will eventually be a constant 3 percent per year.
D) nominal GDP growth is most important.
Correct Answer:
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Q211: Which of the following is consistent with
Q212: According to the classical growth theory of
Q213: Classical growth theory proposes that real GDP
Q214: The assumption that population growth will lead
Q215: Population increases are the limiting factor in
Q217: What best explains why real GDP per
Q218: Classical economists believed that
A) real GDP per
Q219: Neoclassical growth theory attributes economic growth to
A)
Q220: The classical model of Malthus predicted that
Q221: Neoclassical growth theory predicts that Chinaʹs economic
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