Which of the following describes the difference between the neoclassical and the endogenous growth models?

Question

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The neoclassical growth model assumes that productivity growth is determined exogenously and takes it as given, while the endogenous growth model explains the productivity growth endogenously through factors such as human capital, education, and research and development. The neoclassical model also explains long-run growth by changes in capital and labour, while the endogenous model includes these factors as well. Choice A is partially correct but incomplete, as it only describes the neoclassical model. Choice B is incorrect, as the neoclassical model does not focus on changes in saving rates. Choice C is also partially correct but incomplete, as it only describes the endogenous model.

Which of the Following Describes the Difference Between the Neoclassical