Which of the Following Statements Is Likely to Be Made

question 9

Multiple Choice

Which of the following statements is likely to be made by someone who believes in the new growth theory?

• A) Population growth will limit long-run gains in real GDP per person.
• B) Competition will encourage discoveries of new ideas leading to greater economic growth.
• C) Although technological changes increase real GDP, these changes are random and unexplainable.
• D) Choices made by human capital are likely to be inefficient.
• E) Economic growth will eventually slow.

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Definitions:

Variety

The inclusion of different elements, features, or qualities within something, offering a range of choices or diversity.

Peer-reviewed Research

Academic work that has been evaluated and critically reviewed by one or more experts in the specific field before being published in a scholarly journal.

Evidence

Information or facts that are used to support a conclusion, claim, or belief, often utilized in decision-making processes.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold.