According to Classical Growth Theory, as Capital Per Hour and Technology

question 225

Multiple Choice

According to classical growth theory, as capital per hour and technology increase,

• A) the population grows and eventually real GDP returns to the subsistence level.
• B) the population grows but more slowly than real GDP so that people's incomes are permanently higher.
• C) the pursuit of profit causes further increases in capital per hour and technology and economic growth continues indefinitely.
• D) the growth rate of real GDP per person permanently increases.
• E) people save more, which increases the capital per hour even more, and so economic growth continues indefinitely.

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Definitions:

Pretest Loop

A loop in programming that checks its condition before executing the body of the loop, ensuring the loop runs zero or more times.

Repetition

In programming, refers to the action of repeating a set of instructions a specified number of times or until a certain condition is met, often achieved through loops.

Condition

An expression that can be evaluated as true or false, typically used in decision-making structures within programming.

Selection

A process or statement in programming that chooses between two or more paths of execution based on certain conditions.