Which One of the Following Statements About Growth Theories Is

question 103

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, physical resources are unlimited.
• C)In classical growth theory, real GDP per person is unrelated to the subsistence real GDP.
• D)In the new growth theory, knowledge is not subject to diminishing returns.

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Definitions:

Reflexive Smiling

An involuntary smile, often occurring in infants, that does not necessarily express happiness or response to social interactions.

Social

Relating to society or its organization; includes social interactions, structure, and function within human groups.

Internal-Based

Predominantly influenced or determined by internal factors or processes.

Reflexive Smile

A smile that does not occur in response to external stimuli. It happens during the month after birth, usually during sleep.