Classical growth theory proposes that real GDP growth is ________ and that real GDP per person will ________ the subsistence level.

Name: Classical growth theory proposes that real GDP growth is ________ and that real GDP per person will ________ the subsistence level.
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Question

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Classical growth theory suggests that real GDP growth is temporary due to factors like population growth, which eventually brings GDP per person back to the subsistence level after any temporary increase.

Classical Growth Theory Proposes That Real GDP Growth Is ________