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Balanced Growth of Labour and Capital in the Neoclassical Growth

Question 85

Multiple Choice

Balanced growth of labour and capital in the Neoclassical growth model


A) leads to rising material living standards.
B) will not increase the level of per capita GDP.
C) will result in a constant level of GDP.
D) is a natural outcome of long-run equilibrium.
E) explains current rising per capita incomes in many countries.

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