Solved

Classical Growth Theory Predicts That Increases in Real GDP Per

Question 122

Multiple Choice

Classical growth theory predicts that increases in real GDP per person will


A) not last because higher income leads to a population explosion.
B) last because higher growth leads to new technology.
C) last because people make choices in the pursuit of higher profits.
D) not last because higher income encourages smaller families and a lower population growth rate.
E) last only if the government directs firms to make more investments in capital and new technology.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents