Economics · Mathematical Economics
For a linear growth function Yt = a + b · t, where t is time and b > 0, the proportional rate of growth with a rise in Y over time will be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1first rising and then declining
- 2constant over time
- 3declining over time✓
- 4rising over time
Correct answer
declining over time
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