Harrod argues that in an economy with constant capital-labour ratio, the ------------ can never be more than the natural rate of growth of output.
A) warranted (required) rate of growth of output
B) actual rate of growth of output
C) sustainable rate of growth of output
D) natural rate of growth of output
Correct Answer:
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Q12: Which of the following is a goal
Q13: For Rostow, which of the following constitute
Q14: The Harrod-Domar growth model is based on
Q15: Rate of growth of an economy is
Q16: Sen's welfare theory relies on
A)individuals' accomplishments.
B)individuals' capabilities.
C)individuals'
Q17: How does Sen define poverty?
A)the lack of
Q18: Harrod's definition of rate of growth of
Q19: The rate of growth of output which
Q20: The instability of equilibrium in the Harrod
Q21: Harrod explained the peaks and troughs of
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