According to the Solow model,persistently rising per-capita living standards can only be explained by:

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According to the Solow model, persistently rising per-capita living standards can only be explained by technological progress, as it is the only factor that allows for sustained increases in productivity and output per worker over time. Population growth and capital accumulation can only lead to temporary increases in output per worker, while saving rates are important for promoting capital accumulation but do not by themselves result in sustained long-term growth.

According to the Solow Model,persistently Rising Per-Capita Living Standards Can