In the Two-Sector Endogenous Growth Model, Income Growth Persists Because

question 4

Multiple Choice

In the two-sector endogenous growth model, income growth persists because:

• A)the production function shifts exogenously.
• B)the saving rate exceeds the rate of depreciation.
• C)the creation of knowledge in universities never slows down.
• D)the fraction of the labour force in universities is large.

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Definitions:

Determinism

The philosophical idea that all events, including moral choices, are completely determined by previously existing causes.

Human Actions

Behaviors or activities initiated by humans, often considered within the context of morality, intentionality, and free will.

Jean-Paul Sartre

A 20th-century French existentialist philosopher, playwright, novelist, and political activist, known for his explorations of freedom, consciousness, and existence.

Kant

Immanuel Kant, an 18th-century German philosopher known for his work in epistemology, ethics, and metaphysics.