Which of the following predicts that there can be no sustained rise in real GDP per person above the subsistence level?

Question

Quizplus · Accepted Answer

Classical growth theory, particularly associated with Thomas Malthus, predicts that population growth will outpace agricultural production, leading to a return to subsistence-level conditions. This theory suggests that any increase in real GDP per person above the subsistence level will be temporary because it will lead to an increase in population, which in turn will consume the excess production until per capita income falls back to the subsistence level.

Which of the Following Predicts That There Can Be No