Which One of the Following Statements About Growth Theories Is

question 337

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 real GDP.
• 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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Definitions:

Stratified Random

A sampling method that involves dividing the population into subgroups and randomly selecting samples from each subgroup to ensure representation.

Nonprobability Sampling

Type of sampling procedure in which one cannot specify the probability that any member of the population will be included in the sample.

Cluster Sampling

A sampling technique where the population is divided into groups, or clusters, and a random sample of these groups is selected for study.

Grocery Store

A retail store that primarily sells food, including fresh produce, meats, dairy, and pantry items, often along with household goods.