In the Neoclassical Growth Model,if Productivity Does NOT Grow

question 94

Multiple Choice

In the neoclassical growth model,if productivity does NOT grow,

• A)output per worker will be constant.
• B)output will grow at the same rate as the population growth.
• C)consumption will be constant.
• D)both A and B are correct.

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Definitions:

Inventory Item

A specific product or good that a company holds for the purpose of selling to customers.

Business Activities

Operations, tasks, and functions carried out by a company in the pursuit of its economic objectives.

Receive Payments

The action of collecting money that is owed to a business by its customers.

Vendors Section

The Vendors Section is typically an area within accounting or business management software where information about suppliers and transactions with them is recorded and managed.