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If an Economy Moves from a Steady State with Positive

Question 114

Multiple Choice

If an economy moves from a steady state with positive population growth to a zero population growth rate, then in the new steady state, total output growth will be ______ and growth of output per person will be ______.


A) lower; lower
B) lower; the same as it was before
C) higher; higher than it was before
D) higher; lower

Correct Answer:

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