Which of the Following Statements Is True of New Growth

question 72

Multiple Choice

Which of the following statements is true of new growth theory, and not true of Neoclassical growth theory?

• A)Economic growth does not have an impact on resource exhaustion.
• B)It can explain improved living standards over the long term.
• C)Economic growth depends only on population growth.
• D)It cannot explain improved living standards over the long term.
• E)Economic growth is the result of innovation.

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Definitions:

Unconformity

A discontinuity in sedimentary rock sequences indicating a period of erosion or non-deposition.

Numeric Ages

Ages or dates assigned to geologic events or materials in years, often determined through radiometric dating.

Volcanic Features

Volcanic features refer to the various physical formations created by the process of volcanism, including craters, calderas, lava flows, volcanic ash deposits, and more.

Depositional

Pertaining to the geological process in which sediments, soil, and rocks are added to a landform or landmass through the action of wind, water, or ice.