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The new endogenous growth theory concludes that sustained economic growth in a country comes from the interaction of labor,investments in physical and human capital,and what is perhaps the key ingredient:
Cognitive Skills
The mental capabilities involved in learning, thinking, problem-solving, and decision-making.
External Labor Market
Individuals who are actively seeking employment.
Actively Seeking Employment
The state of being engaged in activities aimed at finding employment, such as submitting job applications, attending interviews, and networking.
Immigration Laws
Legal statutes and regulations that govern who can enter, stay, and work within a country.
Q5: If 1 - b = WN/PY where
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Q25: The apparent conflict between the time-series and
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Q43: In Figure 15-2 above,the difference between consumption
Q46: Gordon notes that the average growth rate
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Q79: Two assumptions made in Gordon's early presentation
Q89: If other things are constant,the longer the