Multiple Choice
If the production function exhibits increasing returns to scale in the steady state, an increase in the rate of growth of population would lead to:
A) growth in total output and growth in output per worker.
B) growth in total output but no growth in output per worker.
C) growth in total output but a decrease in output per worker.
D) no growth in total output or in output per worker.
Correct Answer:

Verified
Correct Answer:
Verified
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