Which of the Following Statements Is True of New Growth

question 121

Multiple Choice

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

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

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Definitions:

Measure of Dispersion

A statistical parameter that describes the spread or variability of a distribution around its central measure (such as mean or median).

Minimum

The lowest value in a data set.

Maximum

The highest or greatest amount, value, or level that can be achieved or recorded.

Anomalous Data

Data that appear suspicious or are not anticipated by a researcher.