New Growth Theory Is Concerned with

question 56

Multiple Choice

New growth theory is concerned with

• A) finding a good way to measure economic growth.
• B) increasing the savings rate in the U.S.
• C) understanding the forces that increase productivity.
• D) understanding how compounding works.

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Definitions:

Organisations

Groups or entities (such as corporations, nonprofits, institutions) structured to achieve specific goals through collective effort.

Accommodative Strategy

Accepts social responsibility and tries to satisfy prevailing economic, legal and ethical performance criteria.

Discretionary Responsibilities

Obligations that an individual or organization chooses to undertake out of ethical or moral principles rather than because of legal requirements.

Economic Responsibility

The obligation of an organization or individual to act in ways that benefit the economic well-being of society.