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An Important Foundation of the New Growth Theory Is That

Question 113

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An important foundation of the new growth theory is that


A) we will get more technological advances the more the government is involved in deciding which technology to pursue.
B) we will get more technological advances the greater the rewards people receive from making technological advances.
C) the growth rate of the capital stock is more important than the growth rate of new knowledge in generating economic growth.
D) improvements in labor productivity are poor measures of technological growth.

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