In the neoclassical growth theory,differences in per capita income are determined by differences in the
A)saving rate.
B)population growth rate.
C)depreciation rate.
D)all of the above.

Question

Quizplus · Accepted Answer

Neoclassical growth theory posits that differences in per capita income across countries or regions can be attributed to differences in saving rates, population growth rates, and depreciation rates, among other factors. These elements influence the accumulation of capital, the efficiency of investment, and the pace of economic growth, thereby affecting per capita income levels.

In the Neoclassical Growth Theory,differences in Per Capita Income Are