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Classical Growth Economists Who Applied the Law of Diminishing Marginal

Question 103

Multiple Choice

Classical growth economists who applied the law of diminishing marginal productivity to capital concluded that:


A) both output and per capita output could grow indefinitely.
B) output could grow indefinitely but per capita output could not.
C) per capita output could grow indefinitely but output could not.
D) neither output nor per capita output could grow indefinitely.

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