In the endogenous growth models of Lucas and Romer, human capital accumulation is best described as a form of
A) consumption.
B) investment.
C) government spending.
D) natural resource.
E) total factor productivity.
Correct Answer:
Verified
Q30: Paul Romer argues that a key feature
Q31: The Solow growth model
A) cannot explain differences
Q32: Human capital is
A) the accumulated stock of
Q33: A key characteristic of the production function
Q34: In the Solow growth model,
A) higher total
Q36: Which of the following is best characterized
Q37: In the endogenous growth model, for the
Q38: Which of the following statements best describes
Q39: In the endogenous growth models of Lucas
Q40: Total factor productivity growth involves
A) spending on
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