Author Question: According to classical growth theory, when real GDP per person ________, the population grows. A) ... (Read 87 times)

torybrooks · **on:** Jun 29, 2018

According to classical growth theory, when real GDP per person ________, the population grows.

A) is less than the subsistence real income
B) is less than capital per hour of labor
C) is constant
D) exceeds the subsistence real income
E) exceeds capital per hour of labor

Question 2

Autonomous expenditure is expenditure that is

A) influenced by the interest rate.
B) not influenced by the interest rate.
C) not influenced by real GDP.
D) not influenced by the price level.
E) influenced by real GDP.