According to ________ growth theory, growth of real GDP per person comes to a stop because a population explosion returns real GDP per person to the subsistence level. According to ________ growth theory, growth of real GDP per person comes to a stop when technology stops advancing.
According to ________ growth theory, growth of real GDP per person is unending.

Question

Quizplus · Accepted Answer

Classical growth theory suggests that population growth will outpace resources, leading to a return to subsistence levels. Neoclassical growth theory posits that growth stops when technological advancement ceases. New growth theory argues that growth can continue indefinitely due to ongoing technological innovation and knowledge accumulation.

According to ________ Growth Theory, Growth of Real GDP Per