The new growth theory examines the role of
A) technology in economic growth.
B) natural resources in economic growth.
C) exports in economic growth.
D) government in economic growth.

Question

Quizplus · Accepted Answer

The new growth theory focuses on the role of technology and innovation in promoting long-term economic growth. It emphasizes the importance of knowledge, research and development, and human capital in enhancing productivity and expanding economic activity, rather than relying solely on traditional factors of production like labor and capital.

The New Growth Theory Examines the Role of