One Difference Between Exogenous Growth Models and Endogenous Growth Models

question 4

Multiple Choice

One difference between exogenous growth models and endogenous growth models is

• A) there is no steady state in an exogenous growth model
• B) endogenous growth models have no role for total factor productivity
• C) exogenous growth models seek to explain only short run business cycles
• D) endogenous growth models seek to explain technological progress
• E) exogenous growth models do not rely on production functions

---

Definitions:

XY Chromosomes

A pair of sex chromosomes present in males that determines male biological sex in humans and most other mammals.

Social Scripts

Predefined, stereotyped sequences of actions or behaviors that individuals follow in specific social contexts.

Environment

The environment or the conditions under which a person, animal, or plant exists or functions.

Culture

The social behavior, norms, knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these groups.