Which of the Following Is Not Associated with the New
Which of the following is NOT associated with the new growth theory?
A) natural resources
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.
Recently economists have added what factor as a major explanation of economic growth?
A) the growth rate of labor
B) the growth rate of capital
C) the growth rate in labor and capital productivity
New growth theory argues that
A) growth is due to the proper government policies concerning interest rates.
B) growth relies on maintaining lower growth rates of population, especially in less developed countries.
C) technology cannot be looked at as an outside factor without an explanation of what drives it.
D) technology is the key factor that explains growth but technology is beyond economic explanation itself.