The Solow model suggests that,to improve a country's standard of living in the long run,

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The Solow model suggests that sustained growth in a country's standard of living can only come through long-term improvements in productivity, and one key factor in that is improved technology and higher efficiency in production. While education and resources may also contribute, they are not as central to sustained growth as increasing productivity. Decreases in total factor productivity would have the opposite effect of reducing a country's standard of living over time.

The Solow Model Suggests That,to Improve a Country's Standard of Living