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.
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

The structural stagnation theory suggests that the U.S. will eventually grow at the world average rate, but its share of global output will decline as other economies catch up.

According to the Structural Stagnation Theory