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Basic Question 8 of 18
Higher rate of technical progress brings higher growth rate in per capital income. If a country is unable to sustain the new, higher rate of technical progress, its per capital income growth will decrease. This is the view of:
B. neoclassical growth theory.
C. endogenous growth Theory.
A. classical growth theory.
B. neoclassical growth theory.
C. endogenous growth Theory.
User Contributed Comments 1
| User | Comment |
|---|---|
| quanttrader | income growth rate will decrease |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
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.