Which of the following are predicted by the classical growth theory?
i. population growth will end economic growth
ii. real GDP per person will return to subsistence level
iii. technology drives persistent economic growth
A) i and ii.
B) i, ii and iii.
C) i only.
D) ii only.
E) i and iii.
Correct Answer:
Verified
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A) economic
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Q136: Classical growth theory predicts that economic growth
A)
Q137: Neoclassical growth theory assumes that technological advances
A)
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Q139: According to classical growth theory, economic growth
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