The major difference between Harrod-Domar and Solow models of growth lies in

Related MCQs

• The Solow’s growth model assumes that the two factors of production labour and capital are paid according to
• Solow’s model of long-run growth is an improvement over that of
• In Solow’s model of economic growth, production takes places under
• The saving ratio in Solow’s model is
• Which of the following models uses three distinct concepts of growth?
• Which growth model analyses the contribution of technological progress to the overall growth rate
• Which of the following models formed the basis of India’s First Five Year Plan
• Which of the following models makes the assumption of constantsaving-income ratio?
• Governments may end up with a high money growth rate and high inflation as a result of policies designed to
• According to Harrod-Domar model, once the steady growth is interrupted and the economy falls into disequilibrium, cumulative forces tend to perpetuate divergence thereby leading to