Multiple Choice
Assume that an economy experiences both positive population growth and technological progress. Once the economy has achieved balanced growth, we know that output (Y) is
A) growing at a rate of gA - gN.
B) growing at a rate of gA/gN.
C) growing at a rate of gA.
D) growing at a rate of gA + gN.
E) growing at a rate of gN.
Correct Answer:

Verified
Correct Answer:
Verified
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