According to new growth theory
A) ever-advancing productivity keeps the population growth rate high.
B) knowledge does not experience diminishing returns.
C) growth rates and income levels per person around the globe will converge.
D) knowledge is subject to the law of diminishing returns.
Correct Answer:
Verified
Q249: _ predicts that real GDP per person
Q250: Which growth theory models growth as a
Q251: New growth theory assumes that
A) all inputs
Q252: Which growth theory predicts perpetual growth?
A) classical
Q253: New growth theory
A) dates from the 18th
Q255: New growth theory economists believe that:
I. Economic
Q256: Which of the following has NOT been
Q257: New growth theory proposes that real GDP
Q258: Which theory emphasizes the significance of new
Q259: Ongoing economic growth in real GDP per
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