According to the Solow Model,which of the Following Factors Can

question 20

Multiple Choice

According to the Solow model,which of the following factors can lead to the sustained growth of a nation?

• A) An increase in the saving rate
• B) An increase in physical capital stock
• C) An improvement in the quality of human capital
• D) An improvement in technology

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Definitions:

Term Of Loan

The duration scheduled for the repayment of the loan.

Simple Interest

A method of calculating the interest charge on a loan based on the original principal amount and the rate of interest per period.

Annum

A Latin term for year, often used in financial contexts to denote per year.

Deferred Payment

An agreement to postpone payment until a later date, often used in sales and financing arrangements.