New Growth Theory Proposes That Real GDP Per Person Grows

question 117

Multiple Choice

New growth theory proposes that real GDP per person grows because of ________ and that growth________.

• A)technological change; can only increase above the subsistence level temporarily
• B)productivity shocks; occurs randomly
• C)the pursuit of profit; can persist indefinitely
• D)productivity shocks; can persist indefinitely

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Definitions:

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