Which of the following is consistent with classical growth theory?
A) As real GDP increases, there will be a decrease in the rate of population growth.
B) Real GDP per person will increase because technological change induces investment.
C) Competition destroys innovation and decreases profit.
D) Real GDP per person will never permanently increase.
Correct Answer:
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Q202: Classical growth theory states that
A) advances in
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Q208: Neoclassical growth theory predicts that
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A) forces
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