Respuesta :
The solow growth model is a generalization of the production model. Hence, the given statement is true. Option A is correct.
What is the Solow growth model?
The Solow Growth Model, an exogenous model of economic growth, examines changes in an economy's output level over time due to variations in the rates of population growth, savings growth, and technological advancement.
The output growth rate is equal to the total factor productivity growth rate plus the contribution from the growth of both capital and labor, according to the growth version of the production function.
Hence, The solow growth model is a generalization of the production model. the given statement is true. Option A is correct.
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