A permanent change in the growth rate of total output can arise from a change in the:

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Tamara Medina

Biology

19 October, 03:37

A permanent change in the growth rate of total output can arise from a change in the:

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Madyson Solomon · Answer 1

rate of technological progress. The steady-state growth rate of total output is equal to the rate of population growth (n) plus the rate of technological progress (g). A change in the rate of technological progress will permanently change the growth rate of total output.