If labor productivity rises above the subsistence level then, according to classical growth theory,
A) population growth will slow down.
B) a population explosion will occur.
C) labor productivity growth permanently increases.
D) real GDP per person will remain above the subsistence level.
E) real GDP per person will fall below the subsistence level.
Correct Answer:
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Q127: Classical growth theory predicts
A) a slowdown in
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Q129: The classical growth theory asserts that
A) economic
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