Multiple Choice
Which of the following ideas apply to the neoclassical growth theory?
I. The rate of technological change influences the rate of economic growth.
II. Technological change promotes saving and investment.
III. Convergence of economic growth rates across countries.
A) I only
B) I and II
C) I, II and III
D) III only
Correct Answer:
Verified
Correct Answer:
Verified
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