14. According to the story, "China intends to massively increase its scientific prowess and lift its population out of poverty by 2050.... A strategy issued by the State Council will increase annual investment in research and development to 900 billion yuan (US$112 billion) by 2020.... This would boost the proportion of China's gross domestic product spent on research from today's 1.3 per cent to 2.5 per cent."(www.scidev.net, 2/10/2006)
China's plans to speed the pace of technology growth
(A) is negatively related to real GDP growth according to the classical growth theory.
(B) will create a positive relationship between population growth and real GDP growth according to the neoclassical growth model.
(C) will positively affect real GDP growth according to the neoclassical growth theory.
(D) will cause the population to increase and the real wage to fall according to the new growth theory.