Economics · Macroeconomics - Growth Models
In the Solow growth model, technological progress is assumed to be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Determined by patent regulations
- 2Dependent on domestic R&D expenditure
- 3Endogenous
- 4Exogenous✓
Correct answer
Exogenous
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