Classical growth theory argues that when real GDP per person rises above the subsistence level

Name: Classical growth theory argues that when real GDP per person rises above the subsistence level
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Classical growth theory, particularly associated with Thomas Malthus, posits that any increase in real GDP per person above the subsistence level leads to higher population growth, which eventually brings real GDP per person back down to the subsistence level, preventing sustained per capita economic growth.

Classical Growth Theory Argues That When Real GDP Per Person