Growth and Development
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Q 41. In Joan Robinson’s growth model, capital accumulation depends on
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Q 42. In Domar’s Model National Income (output) is determined by investment through the
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Q 43. Harrod argues that in an economy with constant capital-labour ratio, the ------------ can never be more than the natural rate of growth of output.
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Q 44. Harrod explained the peaks and troughs of the business cycles through the use of
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Q 45. The instability of equilibrium in the Harrod model was used by him to explain the business cycles above and below the trend path of --------
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Q 46. The rate of growth of output which is required to fully employ the entire growing labour force is the
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Q 47. Harrod’s definition of rate of growth of an economy do not include
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Q 48. How does Sen define poverty?
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Q 49. Sen’s welfare theory relies on
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