In the Neoclassical Growth Model, If Productivity Does Not Grow

question 21

Multiple Choice

In the neoclassical growth model, if productivity does not grow,

• A) output per worker will be constant.
• B) output will grow at the same rate as the population growth.
• C) consumption will be constant.
• D) both A and B are correct.

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Definitions:

Trust

The confidence or belief in the reliability, truth, ability, or strength of someone or something.

Conviction

A firmly held belief or opinion, often driving individuals to act according to their principles or deeply held values.

Confidence

A state of being certain about the truth of something or having a firm trust in someone or one's own abilities.

Sincerity

The quality of being open and genuine, without deceit or pretense, often reflected in communication or actions.