Which One of the Following Statements About Growth Theories Is

question 382

Multiple Choice

Which one of the following statements about growth theories is correct?

• A) In neoclassical growth theory, technological progress is the result of rapid increases in saving and investment in capital per person.
• B) In classical growth theory, real GDP per person is unrelated to the subsistence wage rate.
• C) In classical growth theory physical resources are unlimited.
• D) In the new growth theory, knowledge is not subject to diminishing returns.

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