Classical Growth Theory Predicts

question 144

Multiple Choice

Classical growth theory predicts

• A)real GDP per person will remain at the subsistence level over time.
• B)a slowdown in population growth over time.
• C)sustained increases in the standard of living in the long run.
• D)the population growth rate slows as real GDP per person rises.
• E)sustained increases in economic growth in the long run.

---

Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue.