In 2009, household spending was the smallest component of total spending in the U.S. economy

If real GDP per person rises above the subsistence level then, according to classical growth theory,

A) a population explosion will occur. B) labor productivity growth permanently increases. C) population growth will slow down. D) real GDP per person will fall below the subsistence level. E) real GDP per person will remain above the subsistence level.

According to growth accounting estimates, during the 1929-1982 period, increases in capital and labor account for about ______ of total growth

a. 0 percent. b. 25 percent. c. 50 percent. d. 90 percent. e. none of the above.