Author Question: Which of the following ideas are included in classical growth theory? I. Subsistence real GDP per ... (Read 70 times)

mspears3 · **on:** Jun 29, 2018

Which of the following ideas are included in classical growth theory?

I. Subsistence real GDP per person
II. Growth in real GDP per person is temporary.
III. Technological change induces investment.
A) I only
B) I and II
C) II and III
D) I, II and III

Question 2

The first step in measuring the CPI is to

A) select the market basket.
B) conduct a monthly survey.
C) collect prices for the basket of goods and services.
D) interview businesses.