Which of the following statements is likely to be made by someone who believes in the new growth theory?

Question

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The new growth theory emphasizes the importance of knowledge and ideas in promoting economic growth. According to this theory, competition and innovation are key drivers of long-term economic growth. Option A suggests that population growth will limit long-run gains in real GDP per person, which is more in line with the neoclassical growth theory. Option C suggests that technological changes are random and unexplainable, which is not consistent with the idea that knowledge and ideas drive economic growth. Option D suggests that choices made by human capital are likely to be inefficient, which is not a central concern of the new growth theory. Option E suggests that economic growth will eventually slow, which is a possibility but not a defining characteristic of the new growth theory.

Which of the Following Statements Is Likely to Be Made