Economics · Economic Growth and Development
What is the primary assumption about knowledge in Romer's endogenous growth model?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Knowledge is created solely through Government policies.
- 2Knowledge is a side product of investment.✓
- 3Knowledge is exclusively derived from formal education.
- 4Knowledge is entirely unaffected by investment.
Correct answer
Knowledge is a side product of investment.
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