Economics · Economic Growth Models
According to endogenous growth theorists like Romer, long-run economic growth is primarily driven by:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Random external shocks
- 2Technological change arising from knowledge and innovation✓
- 3Accumulation of physical capital
- 4Exogenous technological progress
Correct answer
Technological change arising from knowledge and innovation
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