Which of the following is consistent with classical growth theory?
A) Real GDP per person will increase because technological change induces investment.
B) Real GDP per person will never permanently increase.
C) Competition destroys innovation and decreases profit.
D) As real GDP increases, there will be a decrease in the rate of population growth.
Correct Answer:
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Q214: Which of the following ideas are included
Q215: Which of the following is consistent with
Q216: Classical economists believed that
A) real GDP per
Q217: According to the neoclassical growth theory
A) increases
Q218: The classical model of Malthus predicted that
Q220: Which of the following predicts that there
Q221: Neoclassical growth theory assumes that technological progress
A)
Q222: Which of the following ideas apply to
Q223: Neoclassical growth theory predicts that
A) advances in
Q224: Neoclassical growth theory proposes that
A) technological progress
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