According to the Structural Stagnation Theory

question 79

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.
• 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.