New growth theory argues that
A) growth is due to the proper government policies concerning interest rates.
B) growth relies on maintaining lower growth rates of population, especially in less developed countries.
C) technology cannot be looked at as an outside factor without an explanation of what drives it.
D) technology is the key factor that explains growth but technology is beyond economic explanation itself.

Question

Quizplus · Accepted Answer

New growth theory argues that technology is the key factor that explains growth, but technology cannot be looked at as an outside factor without an explanation of what drives it. This suggests that government policies, population growth rates, and other traditional economic explanations are not enough to fully explain growth.

New Growth Theory Argues That