Development Economics-Models of Economic Growth [GATE (Graduate Aptitude Test in Engineering) Economics]: Questions 1 - 4 of 22

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Question 1

Models of Economic Growth
Solow

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

The saving function used in the neo-classical growth model is:

Choices

Choice (4)Response

a.

Proportional Saving Function

b.

Classical saving function

c.

Constant saving function

d.

Differential saving function

Question 2

Models of Economic Growth
Harrod-Domar

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

The full capacity growth rate in Harrod-Domar Model is also known as (June)

Choices

Choice (4)Response

a.

Actual growth rate

b.

Natural growth rate

c.

Expected growth rate

d.

Warranted growth rate

Question 3

Models of Economic Growth
Solow

Appeared in Year: 2014 (UGC NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

Solow model is a major improvement over Harrod-Domar Model. (June)

Reason(Ꭱ)

Solow built a model of long run growth without the assumption of fixed proportion in production.

Choices

Choice (4)Response

a.

Both Ꭺ and Ꭱ are false

b.

Ꭺ is true but Ꭱ is false

c.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

d.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

Question 4

Models of Economic Growth
Solow

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

According to Robinson – Uzawa theorem, steady state growth is possible if the technical progress is:

Choices

Choice (4)Response

a.

Only Harrod neutral

b.

Only Hicks neutral

c.

Only Solow neutral

d.

Hicks and Harrod neutral

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