"China Unveils Plans for Science- Based Development

"China Unveils Plans for Science- based Development "
According to the story, "China intends to massively increase its scientific prowess and lift its popula of poverty by 2050 A strategy issued by the State Council will increase annual investment in rese
And development to 900 billion yuan (US$112 billion) by 2020. This would boost the proportion of
Gross domestic product spent on research from today's 1.3 per cent to 2.5 per cent."
HYPERLINK "http://www.scidev.net/" www.scidev.net, 2/10/20
China's plans to speed the pace of technology growth

A) will create a positive relationship between population growth and real GDP growth according to the neoclassical growth model.
B) will cause the population to increase and the real wage to fall according to the new growth theory.
C) will positively affect real GDP growth according to the neoclassical growth theory.
D) is negatively related to real GDP growth according to the classical growth theory.

Correct Answer:

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