According to the Structural Stagnation Theory

question 6

Multiple Choice

According to the structural stagnation theory,

• A)U.S. economic growth will return to the world average growth rate, but by that time, the U.S. share of world output will have declined.
• B)U.S. economic growth will return to the world average growth rate, and its current share of world output will remain unchanged.
• C)U.S. economic growth will never return to the world average growth rate, because foreign economies have so far to catch up.
• D)After a period of slower growth, U.S. economic growth will exceed world growth.