An assumption of classical growth theory is that when ________ the population growth rate ________.

Question

Quizplus · Accepted Answer

Classical growth theory posits that when real GDP per person exceeds the subsistence level, the population growth rate increases. This is because higher income levels above subsistence allow for better nutrition, healthcare, and living conditions, which in turn support higher birth rates and lower death rates.

An Assumption of Classical Growth Theory Is That When ________