In the Neoclassical Growth Model, If Capital and Labour Grow

question 47

Multiple Choice

In the Neoclassical growth model, if capital and labour grow at the same rate, we will observe

• A)increasing living standards but only for workers using capital- intensive production.
• B)increasing living standards but only for workers using labour- intensive production.
• C)rising GDP but falling living standards.
• D)rising GDP and increasing living standards.
• E)rising GDP but no change in living standards.

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