Modern growth theory views economic growth as
A) exogenous.
B) endogenous.
C) random.
D) independent of the institutions that exist in the country.
E) not dependent upon incentives.

Question

Quizplus · Accepted Answer

According to modern growth theory, economic growth is endogenous, meaning that it is the result of factors such as technological progress, human capital accumulation, and innovation within the economy, rather than external or exogenous factors.

Modern Growth Theory Views Economic Growth as