Question
According to traditional neoclassical growth theory, output growth results from A. Increase in labour quantity and quality B. Increase in capital C. Increase in exports D. Improvement in technology Choose the correct answer
The correct answer is
A, B and D
In a neoclassical production function, output increases through more effective labour, more capital, or improved technology. These correspond to A, B and D. Exports are a demand component; an export increase alone is not a separate fundamental supply-side growth source in this model.
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