- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 9. Economic Growth
- Subject 5. Theories of Growth
CFA Practice Question
Which theory concludes self-sustaining growth can be supported by savings/investments?
B. neoclassical growth theory.
C. endogenous growth Theory.
A. classical growth theory.
B. neoclassical growth theory.
C. endogenous growth Theory.
Correct Answer: C
User Contributed Comments 2
User | Comment |
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birdperson | need some explanations on these questions |
akirchner1 | Classical - growth in capital (via spending) is only temporary because an increasing population with limited resources reduces capital growth (this theory never materialized though) Neoclassic - sees savings/investments as only temporarily increasing the growth rate of the output per worker Endogenous - sees capital and labor as having to be paid for by savings |