In the neoclassical theory of growth, growth in is the result of luck.

Name: In the neoclassical theory of growth, growth in is the result of luck.
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Question

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In the neoclassical theory of growth, technology is seen as the main driver of long-term economic growth. While saving and the real interest rate play a role in determining the rate of growth, they are seen as secondary factors. Luck is not considered a significant factor in this theory. Therefore, the correct choice is A) technology.

In the Neoclassical Theory of Growth, Growth in Is the Result