Development Economics-Models of Economic Growth [GATE (Graduate Aptitude Test in Engineering) Economics (XH-C1)]: Questions 5 - 8 of 27

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Question 5

Appeared in Year: 2014

Question MCQ▾

A technical change is neutral if remains unchanged at constant ratio: (June)

Choices

Choice (4)Response

a.

Kaldor

b.

Harrod

c.

Hicks

d.

Solow

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Question 6

Appeared in Year: 2014

Question Match List-Ⅰ List-Ⅱ▾

Match the items in List – I with List – II: (June)

List-Ⅰ (Group – I)List-Ⅱ (Group – II)
(A)

Theory of Demographic Transition: Four stages of Population growth

(i)

Joan Robinson

(B)

Learning by doing

(ii)

Karl Sax

(C)

Biased Technical Progress

(iii)

Kaldor

(D)

Co-efficient of sensitivity of income distribution

(iv)

Kenneth J. Arrow

Choices

Choice (4)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (ii)
  • (iv)
  • (i)
  • (iii)

b.

  • (iii)
  • (i)
  • (ii)
  • (iv)

c.

  • (i)
  • (iii)
  • (iv)
  • (ii)

d.

  • (iii)
  • (iv)
  • (i)
  • (ii)

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Question 7

Appeared in Year: 2013

Question MCQ▾

The capacity creating aspect of investment in growth theory was emphasized by (September)

Choices

Choice (4)Response

a.

E D Domar

b.

R M Solow

c.

P A Samuelson

d.

R F Harrod

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Question 8

Appeared in Year: 2013

Question MCQ▾

Which of the following is not an interpretation of the golden rule of accumulation? (September)

Choices

Choice (4)Response

a.

Saving ratio should be equal to the elasticity of output with respect to capital.

b.

The share of profit in output is equal to the ratio of investment to output.

c.

‘Invest your profits, consume your wages.’

d.

None of the above

Edit