According to New Growth Theory

question 192

Multiple Choice

According to new growth theory,

• A)technological change is influenced by economic incentives.
• B)centrally-planned economies are the most efficient.
• C)growth in real GDP per capita occurs only if there are increasing returns.
• D)economic growth is determined by forces outside the control of the market system.
• E)capital accumulation will accelerate GDP growth.

Analyze the impact of fixed and variable costs on break-even points.

Recognize the relationship between break-even analysis and project payback periods.

Evaluate the effects of cost structure changes on operating cash flows.

Appreciate the relevance of contribution margin in break-even analysis.

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