According to the Neoclassical Growth Theory

question 233

Multiple Choice

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.

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Definitions:

Discriminative Stimulus

In behavioral psychology, a stimulus that signals the availability of reinforcement or punishment, guiding the organism's responses.

Reinforcer

Something that increases the likelihood of a behaviour by either presenting a positive stimulus or removing a negative one following the behaviour.

Manager's Office

A designated space or room where a manager or supervisor in a business, institution, or organization conducts their work, including planning, organizing, and leading operations.

Reinforcement

In behavioral psychology, reinforcement is a process by which a behavior is strengthened or increased in frequency by the consequence that follows it.