According to classical growth theory, when real income ________, the population grows.
A) is less than the subsistence real income
B) exceeds the subsistence real income
C) exceeds capital per hour of labor
D) is less than capital per hour of labor
E) is constant
Correct Answer:
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Q166: New growth theory predicts that
A) economic growth
Q167: According to neoclassical growth theory, real GDP
Q168: New growth theory asserts that _ will
Q169: Classical growth theory predicts that increases in
A)
Q170: The new growth theory suggests that as
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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A) technological
Q176: The theory that suggests that our unlimited
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