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Basic Question 15 of 18
The idea that real GDP per person grows because of the choices people make in the pursuit of profit and that growth can persist indefinitely is ______.
B. neoclassical growth theory
C. endogenous growth theory
A. classical growth theory
B. neoclassical growth theory
C. endogenous growth theory
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I used your notes and passed ... highly recommended!
Lauren
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.