Suppose the working-age population of a country doubles because of immigration.The country,however,neglects investment in research and development (R&D) ,and hence,its level of technology remains stagnant.Which of the following statements will be true of this economy?
A) The economy cannot achieve sustained growth.
B) The economy will experience steady economic growth.
C) The economy's output will rise at an increasing rate over time.
D) The saving rate will remain stagnant over the years.
Correct Answer:
Verified
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