The extension of Harrod-Domar model was made by adding the term for foreign trade balance as per cent of

Related MCQs

• The Harrod-Domar growth model suggests that growth is
• Which growth model inspired the use of capital-output ratio for development planning?
• Identify the model which is concerned with the ‘golden age’ equilibrium:
• In the Solow model, if capital is in the steady state, output:
• The Harrod-Domar growth model is based on the relationship of what two economic elements?
• The instability of equilibrium in the Harrod model was used by him to explain the business cycles above and below the trend path of --------
• In Domar’s Model National Income (output) is determined by investment through the
• In Joan Robinson’s growth model, capital accumulation depends on
• In dual gap model, the gap can be filled up by
• Harrod-Domar model of growth is based on the concepts of and their equality