New growth theorists believe that increased economic growth is primarily driven by:

Question

Quizplus · Accepted Answer

According to new growth theorists, technological innovation and ideas play a crucial role in driving economic growth. This is because innovations lead to productivity gains, which in turn lead to increased production and output. While savings, capital investments, and foreign investment can all contribute to growth to some extent, they are not seen as the primary drivers of sustained long-term growth.

New Growth Theorists Believe That Increased Economic Growth Is Primarily