If an Economy Moves from a Steady State with Positive

question 114

Multiple Choice

If an economy moves from a steady state with positive population growth to a zero population growth rate, then in the new steady state, total output growth will be ______ and growth of output per person will be ______.

• A) lower; lower
• B) lower; the same as it was before
• C) higher; higher than it was before
• D) higher; lower

---

Definitions:

Young-Helmholtz Theory

A theory of color vision proposing that the eye contains three types of receptors sensitive to red, green, and blue light.

Color-Sensitive Cones

Photoreceptor cells in the retina of the eye that are responsible for color vision.

Retinal Cells

Specialized cells located in the retina of the eye that are responsible for converting light into neuronal signals.

Wavelength

The length between one wave crest and the following one, specifically referring to sound waves or electromagnetic waves.