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How Does an Endogenous Growth Model Differ from an Exogenous

Question 38

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How does an endogenous growth model differ from an exogenous model of economic growth?


A) An exogenous model suggests that governments have a role in developing the economy while an endogenous model ignores the role of the government.
B) An exogenous growth model assumes that technological development takes place outside
C) An endogenous model suggests that rich and poor economies will converge over time while an exogenous model suggests that convergence will not occur.
D) An exogenous model suggests that high capital per worker ratios are preferable while an

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