Answer to Question #51252 in Macroeconomics for bob

Question #51252
State True, False or Uncertain. Neoclassical growth theory tells us that the widespread adoption of new technologies will increase potential GDP and potential GDP per worker.
1
Expert's answer
2015-03-16T10:35:31-0400
False. Neoclassical growth theory tells us that real GDP per person grows because technological change induces a level of saving and investment that makes capital per hour of labour grow. Growth ends only if technological change stops.

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