In Domar’s Model National Income (output) is determined by investment through the

Related MCQs

• Those incentives which do not increase national income, but they bring a change in the distribution of income is called
• In the Keynesian model, investment is not constrained by prior savings but by ------------ acceptable to the workers.
• Those incentives which result in expansion of national income is called
• Which growth model inspired the use of capital-output ratio for development planning?
• In the Solow model, if capital is in the steady state, output:
• As economic development proceeds, income inequality tends to follow a(n) __________ curve
• Which of the following models makes the assumption of constant saving-income ratio?
• Who put forward the view that UDCs are characterized by vicious circle of poverty which keeps them around a low-income per capita equilibrium state?
• The rate of growth of output which is required to fully employ the entire growing labour force is the
• Harrod argues that in an economy with constant capital-labour ratio, the ------------ can never be more than the natural rate of growth of output.