In the endogenous growth model presented in the text,an increase in the fraction of time accumulating human capital

Question

Quizplus · Accepted Answer

In the endogenous growth model, an increase in the time allocated to accumulating human capital leads to an increase in the growth rate of human capital, which in turn leads to an increase in the growth rate of output. This is because, in this model, human capital is a key driver of economic growth, and by increasing the fraction of time spent on its accumulation, the economy can experience sustained growth over time.

In the Endogenous Growth Model Presented in the Text,an Increase