According to New Growth Theory

question 122

Multiple Choice

According to new growth theory

• A)technological change is influenced by economic incentives.
• B)centrally-planned economies are the most efficient.
• C)growth in real GDP per capita occurs only if there are increasing returns.
• D)economic growth is determined by forces outside the control of the market system.

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Definitions:

Urea Molecules

Organic compounds and the main nitrogen-containing substance in the urine of mammals, formed in the liver from ammonia and carbon dioxide.

Ascending Limb

The part of the loop of Henle in the nephron that transports fluid from the lower to the upper parts of the kidney.

Filtrate Reabsorption

The process by which the kidneys recover water and essential ions from the filtrate during urine formation.

Obligatory

Required or compulsory, indicating something that is not optional.