Economics · Growth Models
According to traditional neoclassical economic growth models (such as Solow-Swan), which of the following is considered an exogenous variable and the long-run bottleneck to sustained growth?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Physical Capital accumulation
- 2Lack of Technological Progress✓
- 3Human Capital
- 4Financial Capital
Correct answer
Lack of Technological Progress
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