According to neoclassical growth theory which of the following does NOT affect a nation's long-term growth rate?
A)the savings rate
B)technological progress
C)the rate of depreciation
D)population growth
E)both A and C

Question

Quizplus · Accepted Answer

Neoclassical growth theory posits that in the long run, an economy's growth rate is primarily determined by technological progress and population growth, not by the savings rate or the rate of depreciation. These latter factors can influence the level of output but not the long-term growth rate.

According to Neoclassical Growth Theory Which of the Following Does