Question $35$

$1\mathrm{.}5$ pts

A recent study by the fundamentalists $($Young $1992,$ Kim & Lau $1994,$ Krugman $1994)$ suggests that the spectacular growth rates of output experienced by Hong Kong. Singapore, South Korea, and Taiwan are largely due to:

rapid growth in total factor productivity.

capital accumulation from rising saving rates.

low rates of capital depreciation.

rapid increase in population growth.