Classical growth theory asserts that
A) growth in real GDP per person is temporary.
B) only some countries can have economic growth.
C) real GDP growth will eventually be a constant 3 percent per year.
D) nominal GDP growth is most important.
Correct Answer:
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Q196: Labor productivity increases with
A) increases in consumption
Q197: If the quantity of capital per worker
Q198: An increase in education and training
A) increases
Q199: Human capital is the
A) machinery used by
Q200: In addition to saving and investment in
Q202: Which of the following is associated with
Q203: Classical growth theory states that
A) growth is
Q204: What best explains why real GDP per
Q205: Neoclassical growth theory predicts that
A) population growth
Q206: Classical growth theory proposes that real GDP
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