Question:medium

The traditional neoclassical growth theories assert that the output growth results from:
• [A.] Increase in labour quantity
• [B.] Decrease in labour quality
• [C.] Increase in capital
• [D.] Improvement in technology Choose the correct answer from the options given below:

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According to the Solow Growth Model: \[ \boxed{ Y=f(K,L,A) } \] where
• \(K\) = Capital
• \(L\) = Labour
• \(A\) = Technology Economic growth occurs through increases in these productive factors.
Updated On: Jul 29, 2026
  • A, C and D only
  • A, B and C only
  • A, B and D only
  • B, C and D only
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The Correct Option is A

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