The main focus of the Solow growth model is
A) physical capital.
B) human capital.
C) institutions.
D) natural resources.
E) labor.

Question

Quizplus · Accepted Answer

The Solow growth model focuses on physical capital as the primary driver of economic growth, with labor and technology playing important supporting roles. The model assumes that the accumulation of capital over time is the key to sustained economic growth, as it allows for greater productivity and output per worker. Human capital, institutions, and natural resources are considered important, but secondary factors in the model.

The Main Focus of the Solow Growth Model Is