Question: Evaluate the following'statement: Based on the factors that affect economic growth in the long-run, an increase in population growth, with no change in the employment-population

Evaluate the following'statement: "Based on the factors that affect economic growth in the long-run, an increase in population growth, with no change in the employment-population ratio and in the average number of hours per week worked by workers, will lead to continual growth in real GDP, but a continual drop in living standards." Explain why you believe the statement to be true or false.

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