Ongoing economic growth in real GDP per person requires all of the following EXCEPT
A) the discovery of new technologies.
B) investment in human capital.
C) population growth.
D) saving and investment in new capital.
Correct Answer:
Verified
Q54: Technological change
A)has no effect on employment.
B)lowers the
Q55: Q56: The aggregate production function shows how _ Q57: If the price level increases, but workers' Q60: Several factors are important for achieving faster Q61: Savings is an important factor influencing economic Q62: Equilibrium in the labour market Q63: _ is the knowledge and skill Q64: If a rich country grows at a Q235: According to neoclassical growth theory, the higher
A)means that resources
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