In the Solow model, better ideas will lead to:

Name: In the Solow model, better ideas will lead to:
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Question

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In the Solow model, better ideas lead to technological progress, which in turn increases productivity and output per capita. This increase in output per capita leads to an increase in savings and investment, which ultimately leads to more capital accumulation in the economy. Therefore, better ideas lead to more capital in the economy.

In the Solow Model, Better Ideas Will Lead To