According to the Solow growth model, the only way for a country to enjoy long-term economic growth is through:

Question

Quizplus · Accepted Answer

According to the Solow growth model, long-term economic growth can only be achieved through technological progress. While increasing savings or capital per worker can lead to short-term growth, this growth will eventually level off without technological progress. Maximizing consumption per worker is not a sustainable approach to economic growth.

According to the Solow Growth Model, the Only Way for a Country