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Basic Question 4 of 18
According to neoclassical model, growth in potential GDP depends on:
II. technological progress.
III. labor force growth.
I. capital deepening.
II. technological progress.
III. labor force growth.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
compare classical growth theory, neoclassical growth theory, and endogenous growth theory;
explain and evaluate convergence hypotheses;
describe the economic rationale for governments to provide incentives to private investment in technology and knowledge;
CFA® 2025 Level II Curriculum, Volume 1, Module 9.