Which growth theory predicts that even when technology advances, real GDP per person always returns to a subsistence level of income?

Question

Quizplus · Accepted Answer

Classical growth theory is the only theory that predicts that real GDP per person will eventually return to a subsistence level of income, even with technological progress. This idea is based on the assumption that population growth is the main driver of economic growth, and that increases in technological progress will only lead to temporary improvements in living standards.

Which Growth Theory Predicts That Even When Technology Advances, Real