Question

In the Solow growth model, long-run economic growth is determined by:

Q: Answer-In the Solow growth model, long-run economic growth is determined by:

In the Solow model, capital accumulation faces diminishing returns, so long-run per capita growth depends on technological progress, which shifts the production function upward and increases output per worker sustainably.

A Capital accumulation only

B Labor force growth only

C Interest rate movements

D Technological progress

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In the Solow growth model, long-run economic growth is determined by:

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