According to the Neoclassical Growth Theory,sustained Rising Material Living Standards

question 3

Multiple Choice

According to the Neoclassical growth theory,sustained rising material living standards can only be explained by

• A)growth in human capital.
• B)growth in physical capital.
• C)growth in the labour force.
• D)balanced growth of labour and capital.
• E)exogenous technological change.

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Definitions:

Three Pillars

A concept often referring to the essential components or principles that support and sustain a structure, system, or strategy, such as sustainability's economic, social, and environmental pillars.

Triple Bottom Line

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