Which of the Following Are Predicted by the Classical Growth

question 40

Multiple Choice

Which of the following are predicted by the classical growth theory?
i. population growth will end economic growth
ii. real GDP per person will return to subsistence level
iii. technology drives persistent economic growth

• A) i and ii.
• B) i, ii and iii.
• C) i only.
• D) ii only.
• E) i and iii.

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Definitions:

Safety Inventory

Extra stock kept on hand to protect against stockouts caused by variability in demand or supply.

Safety Inventory

A stock buffer maintained to mitigate risk of stockouts due to demand variability and supply chain uncertainties.

Lead Time

The duration between the initiation and completion of a process, such as the time from placing an order to its delivery.

Standard Deviation

A measure of the dispersion or variability within a set of data points, indicating how much variation exists from the average.