The new growth theory asserts that
A) the population growth rate will increase when real GDP per person increases.
B) eventually people earn only a subsistence living.
C) a discovery can be used by only one person,the discoverer.
D) technology improves slowly while the population grows rapidly.
E) production processes can be replicated by many different firms in the economy.
Correct Answer:
Verified
Q52: A reason for an increase in labour
Q66: One possible way of achieving faster economic
Q115: In new growth theory,growth in real GDP
Q117: Growth in physical capital depends most directly
Q118: If the pre-conditions for growth are in
Q119: If the level of technology rises,GDP per
Q121: If Kenya institutes policies that support economic
Q122: One possible way of achieving faster economic
Q124: The following government policies will help achieve
Q125: Hong Kong and Singapore have grown
A)slowly and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents