Which of the Following Ideas Are Included in Classical Growth

question 174

Multiple Choice

Which of the following ideas are included in classical growth theory?
I. Subsistence real GDP per person
II. Growth in real GDP per person is temporary.
III. Technological change induces investment.

• A) II and III
• B) I only
• C) I and II
• D) I, II and III

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Definitions:

Kruskal-Wallis Test

A nonparametric statistical test used to determine if there are statistically significant differences between two or more groups of an independent variable.

Chi-Squared Distribution

A statistical distribution employed in hypothesis testing that is known for its utility in evaluating the goodness-of-fit between observed and expected data.

Sample Sizes

Refers to the number of observations or elements chosen from a population to form a sample for a statistical study.

Kruskal-Wallis Test

A non-parametric test used to determine if there are statistically significant differences between two or more groups of an independent variable on a continuous or ordinal dependent variable.