The growth that results from better ideas or technological knowledge is:
A) catching-up growth.
B) cutting-edge growth.
C) capital growth.
D) short-run growth.

Question

Quizplus · Accepted Answer

Cutting-edge growth refers to the growth that results from the introduction of new technology, ideas or processes. This type of growth is driven by innovation and can lead to significant improvements in productivity and efficiency. Catching-up growth, on the other hand, refers to the growth that occurs when a country or region adopts existing technology or ideas from more advanced economies. Capital growth and short-run growth are not specific types of growth associated with technological knowledge or better ideas.

The Growth That Results from Better Ideas or Technological Knowledge