Which one of the following quotations could be attributed to a supporter of the classical growth theory?
A) "Growth will last as long as knowledge accumulation continues."
B) "Growth will last only until the increase in population brings productivity down to the subsistence level."
C) "Growth will last as long as technology keeps advancing."
D) "Prosperity will last as long as technology keeps advancing."
E) "Prosperity will last as long as there is knowledge accumulation."
Correct Answer:
Verified
Q74: Human capital is the
A)skill and knowledge accumulated
Q75: Labour productivity grows as
A)physical capital grows, human
Q76: The Industrial Revolution in England was largely
Q77: For three years, there was no technological
Q78: The key difference between the neoclassical growth
Q80: An increase in education and training
A)decreases real
Q81: Growth eventually stops in neoclassical growth theory
Q82: An assumption of the neoclassical growth theory
Q83: Knowledge capital is different from physical capital
Q84: Choose the statements concerning neoclassical growth theory
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