If real GDP per person is above the subsistence level then, according to classical growth theory,
A) the population will increase.
B) the standard of living will continue to improve.
C) the population will decrease.
D) labor productivity will increase.
E) more technological advances occur.
A
Economics
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Which of the following flows from the government to the households?
a. Goods and services b. Resources of production c. Taxes d. Government services e. Loans
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Teresa faces prices of $6.00 for a unit of good X and $1.50 for a unit of good Y. At her optimum, Teresa is willing to give up 1 unit of good X for __________ units of good Y
Fill in the blank(s) with correct word
Economics