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New Growth Theory
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New Growth Theory
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13. Productivity and Economic Growth / New Growth Theory / Problem 8
Problem 8
How does Knowledge Capital differ from Human Capital?
A
Knowledge Capital is the amount of knowledge available in an economy, while Human Capital refers to the skills and education of the workforce.
B
Knowledge Capital is tangible, while Human Capital is intangible.
C
Knowledge Capital refers to the skills and education of the workforce, while Human Capital refers to the technological advancements in an economy.
D
Knowledge Capital is only relevant in the service sector, while Human Capital applies to all sectors.
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