A Recent Article States That

Multiple Choice

A recent article states that "...gains from two centuries of rapid technological innovation are largely exhausted, and new discoveries lack the same revolutionary quality....{Further}, 80 percent of the growth between 1950 and 1993 came from the new application of old ideas, and these old ideas are now mostly wrung dry."
(The Economist, 03/03/2011)
-In neoclassical growth theory, technological change

A) occurs by chance.
B) is influenced by population growth.
C) is influenced by the rate of economic growth.
D) occurs at a steady rate.