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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


Definitions:

Regulations

Rules or directives made and maintained by an authority to regulate behavior, usually in a specific activity or industry.

Laws

Systematized rules created and enforced through social or governmental institutions to regulate behavior.

Wealthy

Having a substantial amount of money, assets, or resources; rich.

Nationalizing

The process by which a government takes control of a privately owned company or industry, often to assert greater control over the economy.

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