If marginal propensity to import is 0.1 and the marginal propensity to consume is 0.7, the value of the income multiplier will be :
According to neo-classical theory of distribution, constancy in the wage share in national income would come about only when the elasticity of factor substitution :
Which amongst the following is not a feature of J.E. Meade’s model ?
Answer:It examines the relationship between the growth rate of population and growth rate of savings.
Which of the following statements about the AK model (Y=AK) of growth is false ?
Answer: The model assumes diminishing returns to capital.
Which of the following is not a correct feature for the absolute convergence to hold good ?
Answer:Same capital - labour ratio
In Solow’s growth model, the output per capita is a function of :
Answer:Capital - Labour ratio
Dusenberry was of the opinion that less developed countries will have serious and adverse effect on their balance of payments due to :
Leibenstein in his critical minimum effort thesis treats population as a factor that is :
Answer:Income - depressing
‘Workers must own the capital to which their savings has given rise.’ This is an important assumption of the growth model, developed by :
Which one of the following is true for demand side vicious circle of poverty ?
Answer:Low income → Low demand → Low investment → Capital deficiency → Low productivity → Low income
Which of the following is the cause of disequilibrium between warranted rate of growth and actual rate of growth in the Harrod model ?
Answer:Discrepancy between Ex-ante investment and Ex-post investment.
Which one of the following committees recommended to establish the National Bank for Agriculture and Rural Development (NBARD) in India ?
Which of the following option(s) is/are true for National Action Plan for Climate Change ?
Answer:Both (1) and (2) are true
Which of the following is portrayed in the population pyramid of a country ?
Answer:Age and sex distribution of population.
In the long period, which one of the following curves would aptly represent the time path of population for a developing economy ?