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Question
Which of the following theories predicts that there can be no sustained rise in real GDP per person above the subsistence level?i. Classical growth theory
ii. New growth theory
A) i only
B) ii only
C) Neither i nor ii
D) Both i and ii
E) None of the above because whether the rise in real GDP per person is sustained or not depends on what created the rise.
Answer
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Related questions
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E) the population keeps growing.
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