Assume that an economy experiences both positive population growth and technological progress. Once the economy has achieved balanced growth, we know that output (Y) is
A) growing at a rate of gA - gN.
B) growing at a rate of gA/gN.
C) growing at a rate of gA.
D) growing at a rate of gA + gN.
E) growing at a rate of gN.

Question

Quizplus · Accepted Answer

The Answer is D

Assume That an Economy Experiences Both Positive Population Growth and Technological