New growth theory proposes that real GDP per person grows because of and that growth_________ .
A) the pursuit of profit; can persist indefinitely
B) technological change; can only increase above the subsistence level temporarily
C) productivity shocks; occurs randomly
D) productivity shocks; can persist indefinitely
Correct Answer:
Verified
Q241: New growth theory economists believe that:
I. Economic
Q242: According to the new growth theory
A) knowledge
Q243: According to new growth theory_ .
A) knowledge
Q244: Ongoing economic growth in real GDP per
Q245: Which of the following statements is CORRECT?
I.
Q247: Which of the following has NOT been
Q248: Which growth theory predicts perpetual growth?
A) classical
Q249: An important foundation of the new growth
Q250: Savings is an important factor influencing economic
Q251: Which growth theory models growth as a
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