Question $22$

The key difference between the neoclassical growth theory and the classical gromh theory is that

capital is subject to diminishing returns under classital growth theory.

growth in the neoclassical growth theory ends with a population explosion.

capital is not subject to diminishing returns under classical growth theory.

increases in population dive workers' incomes back down to the subsistence level in classical growth theory.

in dassical growth theory, the pace of technological change influences the economic growth rote but economic growth does not infuence the pace of technologital change.

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