According to the structural stagnation theory,
A)U.S. economic growth will return to the world average growth rate, but by that time, the U.S. share of world output will have declined.
B)U.S. economic growth will return to the world average growth rate, and its current share of world output will remain unchanged.
C)U.S. economic growth will never return to the world average growth rate, because foreign economies have so far to catch up.
D)After a period of slower growth, U.S. economic growth will exceed world growth.

Question

Quizplus · Accepted Answer

Structural stagnation theory suggests that while the U.S. economy may eventually return to the world average growth rate, its relative share of global output is likely to decline due to the faster growth rates of emerging economies.

According to the Structural Stagnation Theory