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Basic Question 16 of 18
Which of the following statement(s) is (are) true with respect to the factors that may have influence on economic growth?
II. Neoclassical growth theory primarily examines the effects of productivity growth on economic growth.
III. Under the neoclassical growth theory, the long run steady state equilibrium is achieved when the growth rates of capital per capita and income per capita are constant.
IV. According to the neoclassical theory of growth, long run economic growth is dependent upon the savings rate of a nation.
I. A higher skilled labor force will result in an increase in both the growth rate in output and the absolute level of economic output.
II. Neoclassical growth theory primarily examines the effects of productivity growth on economic growth.
III. Under the neoclassical growth theory, the long run steady state equilibrium is achieved when the growth rates of capital per capita and income per capita are constant.
IV. According to the neoclassical theory of growth, long run economic growth is dependent upon the savings rate of a nation.
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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.