- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics
- Reading 11. Economic Growth and the Investment Decision
- Subject 5. Theories of Growth
CFA Practice Question
According to neoclassical model, in the long run capital accumulation affects:
A. the level of output.
B. the growth rate of output.
C. the growth rate of per capita output.
Explanation: The growth rate of output or per capita output does not depend on the accumulation of capital.
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