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How would a Classical or Neo-Classical Growth economist explain why the economy of the United States grows at a lower rate than the economy of
How would a Classical or Neo-Classical Growth economist explain why the economy of the United States grows at a lower rate than the economy of China? Group of answer choices American economy grows at a lower rate because American workers have a high level of capital per worker; additional capital accumulation leads to diminishing returns and thus smaller increases in productivity. American economy grows at a lower rate because American workers are less numerous than Chinese workers. American economy grows at a lower rate because American businesses are less entrepreneurial than Chinese businesses. American economy grows at a lower rate because United States imports more from China than China does from United States
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