Which of the Following Statements Is True of New Growth

Multiple Choice

Which of the following statements is true of new growth theory,and NOT true of Neoclassical growth theory?

A) It cannot explain improved living standards over the long term.
B) It can explain improved living standards over the long term.
C) Economic growth does not have an impact on resource exhaustion.
D) Economic growth depends only on population growth.
E) Economic growth is the result of innovation.