Balanced Growth of Labour and Capital in the Neoclassical Growth

question 113

Multiple Choice

Balanced growth of labour and capital in the Neoclassical growth model

• A)leads to rising material living standards.
• B)will not increase the level of per capita GDP.
• C)will result in a constant level of GDP.
• D)is a natural outcome of long-run equilibrium.
• E)explains current rising per capita incomes in many countries.

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