CFA Practice Question

There are 253 practice questions for this study session.

CFA Practice Question

The proposition that real GDP per person grows because technological change induces a level of saving and investment that makes capital per hour of labor grow is ______.
A. classical growth theory.
B. neoclassical growth theory.
C. endogenous growth theory.
Explanation: However, TFP progress is regarded as exogenous to the model.

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