Capital refers to the physical and human resources used in the production of goods and services, such as machinery, equipment, buildings, and skilled labor.

Labor supply refers to the quantity and quality of the labor force available in an economy.

Natural capital refers to the natural resources available in an economy, such as land, minerals, and forests. It is not a type of capital in the context of economic growth.

Production refers to the process of combining labor and capital to create goods and services.

Government policies can influence technological progress, but they are not a direct factor that contributes to it.

Economic growth refers to the rate at which an economy produces goods and services.

Environmental degradation is a negative consequence of economic growth, not a benefit.

The Solow model is a neoclassical growth model that explains economic growth in terms of capital accumulation, labor growth, and technological progress.

The Romer model is an endogenous growth model that explains economic growth in terms of knowledge accumulation and technological progress.

Technology is a factor that contributes to capital productivity, not labor productivity.

Production refers to the process of converting inputs into outputs.

Gross domestic product (GDP) is the value of all final goods and services produced in an economy in a given period of time.

Balanced growth is not a type of economic growth. It refers to a situation where all sectors of an economy grow at the same rate.

Productivity growth refers to the process of increasing the efficiency of production.

Government spending is not a direct factor that contributes to capital accumulation.