An Assumption of the New Growth Theory Is That

question 1

Multiple Choice

An assumption of the new growth theory is that

• A)people earn a subsistence real wage in the long run.
• B)all technological advances are the result of chance.
• C)the marginal product of all types of capital increases as more capital is accumulated.
• D)the growth rate of labour productivity depends on people's ability to innovate.
• E)technological advances encourage international trade.

---

Definitions:

Elevated Heart Rate

An increased rate of heartbeat above the normal resting rate.

Excessive Urination

The condition of urinating more frequently than usual, which could be indicative of various health issues.

Electrocardiogram

A test that records the electrical activity of the heart over a period of time using electrodes placed on the skin. It's used to detect heart conditions.

Electrical Activity

The movement of electrons or charged ions that creates electrical signals, as seen in the nervous system and heart.