The Key Assumption of the Romer Model That Allows an Explanation

question 44

Multiple Choice

The key assumption of the Romer model that allows an explanation of sustained growth in output per person is ________.

• A)technology is nonrivalrous
• B)the total amount of labor is fixed
• C)some labor is devoted to producing new technology
• D)the saving rate is fixed

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Definitions:

Plaques

Deposits of fatty substances, cholesterol, cellular waste products, calcium, and fibrin in the inner lining of an artery.

Cognitive Reserves

The mind's resilience to withstand neurological damage due to aging or other factors, often linked to an individual's level of mental engagement and education.

Education

The process of receiving or giving systematic instruction, especially at a school or university.

Protective Factor

Variable that is thought to reduce the poor outcomes associated with adverse circumstances.