Classical Growth Theory Proposes That Real GDP Growth Is _

question 436

Multiple Choice

Classical growth theory proposes that real GDP growth is _ and that real GDP per person will _ the subsistence level.

• A) permanent; always be above
• B) permanent; temporarily be above
• C) temporary; temporarily be above
• D) temporary; be above and below

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Definitions:

Difference Threshold

The minimum noticeable difference that a person can detect between two stimuli 50% of the time; also known as the just noticeable difference (JND).

Just Noticeable Difference

The smallest difference in a stimulus that an organism can barely perceive.

Difference Threshold

The minimum difference in stimulation that an individual can detect 50% of the time, also known as the just noticeable difference (JND).

Difference Threshold

The minimum difference in stimulation that a person can detect 50 percent of the time, also known as the just-noticeable difference (JND).