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Discuss and argue the following statements:
1. Growth accounting shows that technological progress is an important source of economic growth.
2. Econometric evidence on historical economic development demonstrates that some cultural norms and institutions cause development, while others cause backwardness.
3. Modern economic growth necessarily causes growing inequality. Government intervention to mitigate growing inequality harms economic growth.
This document contains various important questions and their appropriate answers in the subject field of Economics.
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