According to the neoclassical growth theory,
A) forces other than GDP growth determine population growth.
B) higher saving rates generate permanently faster growth in GDP per person.
C) increases in labor productivity are only temporary.
D) technological change depends on peopleʹs choices.
Correct Answer:
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Q204: Classical growth theory argues that when real
Q205: Which of the following is consistent with
Q206: Which of the following predicts that there
Q207: Which of the following ideas are included
Q208: Neoclassical growth theory predicts that
A) population growth
Q210: Which of the following ideas apply to
Q211: Which of the following is consistent with
Q212: According to the classical growth theory of
Q213: Classical growth theory proposes that real GDP
Q214: The assumption that population growth will lead
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