Classical growth theory predicts that increases in
A) real GDP per person are permanent and sustainable.
B) real GDP per person are temporary and not sustainable.
C) resources permanently increase labor productivity.
D) resources permanently increase real GDP per person.
E) competition increase economic growth.
Correct Answer:
Verified
Q164: The new growth theory
A) corrects for poor
Q165: Neoclassical growth theory predicts that economic growth
Q166: New growth theory predicts that
A) economic growth
Q167: According to neoclassical growth theory, real GDP
Q168: New growth theory asserts that _ will
Q170: The new growth theory suggests that as
Q171: According to classical growth theory, when real
Q172: The idea of continuous economic growth as
Q173: Which of the following statements is likely
Q174: According to new growth theory, growth _.
A)
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