Question 1

Harrod explained the peaks and troughs of the business cycles through the use of
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

Accepted Answer

The answer of Harrod explained the peaks and troughs of...

Question 2

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

Accepted Answer

The answer of Harrod argues that in an economy with...

Quiz 2: Economic Development and Poverty Measurement Models

Harrod explained the peaks and troughs of the business cycles through the use of

Harrod argues that in an economy with constant capital-labour ratio, the ------------ can never be more than the natural rate of growth of output.