The classical growth theory asserts that
A) population growth leads to more growth in technology.
B) population growth will lead to people earning only a subsistence level of income.
C) economic growth will continue indefinitely.
D) economic growth and population growth complement each other.
E) population growth increases a nation's economic growth.
B
You might also like to view...
The data in the above table show that when the price level is 120
A) the unemployment rate is below its natural rate. B) the unemployment rate is above its natural rate. C) money wages rates will rise in the future. D) the long-run aggregate supply curve will shift leftward in the future.
Recent rapid economic growth in India and China has reduced the amount of "brain drain" in those countries
Indicate whether the statement is true or false