In the endogenous growth model presented in the text, an increase in the efficiency of human capital accumulation

Question

Quizplus · Accepted Answer

According to the endogenous growth model, an increase in the efficiency of human capital accumulation leads to an increase in the growth rate of human capital, as individuals will be more motivated to invest in their education and skills. This, in turn, will increase the growth rate of output, as more educated and skilled individuals will be more productive and able to generate higher levels of economic growth. Therefore, choice A is the best answer.

In the Endogenous Growth Model Presented in the Text, an Increase