In New Growth Theory, Growth in Real GDP Per Person

question 122

Multiple Choice

In new growth theory, growth in real GDP per person occurs because i. human capital grows indefinitely.
Ii) technology advances as a result of choices individuals make.
Iii) profit incentives encourage technological change.

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

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