New Theories of Economic Growth Based on the Idea That

question 24

Multiple Choice

New theories of economic growth based on the idea that growth is endogenous

• A)stress the role of knowledge and learning in the economy's rate of growth.
• B)assume that the growth rate of technology is exogenous.
• C)assume that the rate of growth of the economy is equal to the rate of population growth.
• D)incorporate factors such as central- bank behaviour.
• E)ignore the role of technology.

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Definitions:

Positive Exponents

Powers of a number that signify how many times the number is multiplied by itself.

Expression

A combination of symbols that represents a quantity or a relationship between quantities, without an equality sign unlike an equation.

Rules Of Exponents

Mathematical guidelines for performing operations involving powers, including multiplication, division, and raising powers to powers.

Expression

A combination of symbols and operators that represent a value or concept.