The neoclassical growth theory predicts that

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The neoclassical growth theory predicts that real GDP per person grows as long as technology keeps advancing. It suggests that increases in capital and labor inputs alone will eventually lead to diminishing returns, and that sustained economic growth in the long run can only come from technological progress. Population growth may affect the rate at which a country reaches its steady state level of output per person, but it does not determine the level of output per person in the long run.

The Neoclassical Growth Theory Predicts That