In neoclassical growth theory, ______.
A. real GDP per person grows because of the choices people make in the pursuit of profit.
B. a population explosion brings diminishing returns to labour, so labour productivity eventually decreases.
C. technological advances depend on how many people are looking for a new technology and how intensively they are looking.
D. growth will stop if technology stops advancing.
A. real GDP per person grows because of the choices people make in the pursuit of profit.
B. a population explosion brings diminishing returns to labour, so labour productivity eventually decreases.
C. technological advances depend on how many people are looking for a new technology and how intensively they are looking.
D. growth will stop if technology stops advancing.