Modern growth theory and the Solow growth model are both based on the importance of
A) endogenous technological change.
B) skilled labor.
C) the production function.
D) natural resources.
E) exogenous technological change.

Question

Quizplus · Accepted Answer

The Solow growth model and modern growth theory both emphasize the role of the production function in determining economic growth, focusing on inputs like capital and labor.

Modern Growth Theory and the Solow Growth Model Are Both