The new growth theory's comparison of the economy to a perpetual motion machine implies that
A) overpopulation will eventually overtake the resources of the planet.
B) the economy will forever create and destroy jobs.
C) labour productivity has no influence on the economy.
D) technological changes just happen.
E) permanent growth is not possible.
Correct Answer:
Verified
Q56: Real GDP is $700 billion, average hours
Q57: Labour productivity equals
A) the total production of
Q58: The new growth theory asserts that profits
Q59: If a country lacks _, economic growth
Q60: Which of the following lists gives factors
Q62: A central theme of the new growth
Q63: According to new growth theory, growth
A) occurs
Q64: One possible way of achieving faster economic
Q65: Which of the following statements is FALSE?
A)
Q66: One possible way of achieving faster economic
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