CFA Practice Question

There are 253 practice questions for this study session.

CFA Practice Question

The view that economic growth results from incentives to innovate and from capital that does not experience diminishing returns is ______.
A. classical growth theory.
B. neoclassical growth theory.
C. endogenous growth theory.
Explanation: The theory holds that real GDP per person grows because of large positive externalities or spillover effects from R&D expenditures, and that growth can persist indefinitely.

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