New growth theory proposes that real GDP per person grows because of ________ and that growth ________.
A) the pursuit of profit; can persist indefinitely
B) productivity shocks; can persist indefinitely
C) technological change; can only increase above the subsistence level temporarily
D) productivity shocks; occurs randomly
Correct Answer:
Verified
Q252: Which growth theory predicts perpetual growth?
A) classical
Q253: New growth theory
A) dates from the 18th
Q254: According to new growth theory
A) ever-advancing productivity
Q255: New growth theory economists believe that:
I. Economic
Q256: Which of the following has NOT been
Q258: Which theory emphasizes the significance of new
Q259: Ongoing economic growth in real GDP per
Q260: New growth theory predicts that
A) economic growth
Q261: If the saving rate increases, a country's
Q262: Savings is an important factor influencing economic
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