Balanced Growth of Labour and Capital in the Neoclassical Growth

question 113

Multiple Choice

Balanced growth of labour and capital in the Neoclassical growth model

• A)leads to rising material living standards.
• B)will not increase the level of per capita GDP.
• C)will result in a constant level of GDP.
• D)is a natural outcome of long-run equilibrium.
• E)explains current rising per capita incomes in many countries.

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Definitions:

Thylakoid Membrane

A membrane-bound compartment inside chloroplasts and cyanobacteria, involved in the light-dependent reactions of photosynthesis.

Stroma

The supportive tissue of an epithelial organ, tumor, gonad, etc., consisting of connective tissues and blood vessels.

Thylakoid Compartment

A membrane-bound compartment inside chloroplasts and cyanobacteria that is the site of the light-dependent reactions of photosynthesis.

Yields ATP

The process of producing ATP (adenosine triphosphate), the primary energy carrier in all living organisms, typically via cellular respiration or photosynthesis.