Which of the following is associated with classical growth theory?
I. Growth in real GDP can continue indefinitely.
II. Technological growth increases as the population grows.
III. Population explosions bring real GDP per person back to subsistence levels.

Question

Quizplus · Accepted Answer

Classical growth theory, particularly associated with Thomas Malthus, posits that population growth will eventually reduce the standard of living to the subsistence level, as resources become more limited.

Which of the Following Is Associated with Classical Growth Theory