A recent article states that "...gains from two centuries of rapid technological innovation are largely exhausted, and new discoveries lack the same revolutionary quality....{Further}, 80 percent of the growth between 1950 and 1993 came from the new application of old ideas, and these old ideas are now mostly wrung dry."
(The Economist, 03/03/2011)
-The neoclassical growth theory says, in part, that

Question

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Neoclassical growth theory, as developed by Solow and others, posits that technological change is a key driver of economic growth, making option B the correct answer. This theory suggests that technology, capital accumulation, and labor are important factors in growth, with technological innovation helping to improve productivity and thus economic output.

A Recent Article States That