Growth consists of two types: catching-up growth and cutting-edge growth.
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Q82: If a country is currently to the
Q83: Capital accumulation alone can explain sustained economic
Q84: Catching-up growth occurs primarily through capital accumulation
Q85: Diminishing returns to capital means that twice
Q86: In the past several hundred years,economic growth
Q88: The concept of diminishing returns explains why
Q89: If a country is currently to the
Q90: In the Solow model,output increases when investment
Q91: The marginal product of capital diminishes with
Q92: The Solow model can be used to
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