T or F: Technological innovation is the only source of economic growth?

F, starting from the oldest theory which confirmed that a routine and continuous investment will create growth. The later Solow model insisted the high saving and investment rate as a capital formation and growth. Moreover, the model confirmed that higher birth rate and improving technology will create growth. The latest growth theory has also confirmed that growth is based on education and consecutive acts. Also it is continuous improvement of technology. However, the growth model of the Asian Tigers are export oriented policy and foreign investment. The technology will come along this line.

Don't forget labor, government and human ingenuity.

False

Most economic growth is due to getting deeper in debt and spending it

False. 

If a community gets to work and plows down a forest to then farm the land, they will have an increase in crops which increases the economic wealth and growth of the community.