Classical Growth Theory Predicts That Increases in Real GDP Per

question 88

Multiple Choice

Classical growth theory predicts that increases in real GDP per person will

• A) not last because higher income leads to a population explosion.
• B) last because higher growth leads to new technology.
• C) last because people make choices in the pursuit of higher profits.
• D) not last because higher income encourages smaller families and a lower population growth rate.
• E) last only if the government directs firms to make more investments in capital and new technology.

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Definitions:

Speciation

The evolutionary process by which populations evolve to become distinct species.

Extinction

The permanent loss of all members of a species, leading to its disappearance from the Earth.

Reconciliation Ecology

The science of inventing, establishing, and maintaining new habitats to conserve species diversity in places where people live, work, or play.

Bluebirds

Small North American songbirds known for their distinctive blue (or blue and red) plumage, belonging to the genus Sialia.