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Questions › JNU › JNU SSS 2019 › Q17
1 markEconomics of Growth and Development › Harrod–Domar and Solow growth models › The Solow model and its steady stateModerateabout 1 min

JNU SSS 2019 Question 17: Harrod–Domar and Solow growth models

Assertion (I): Solow model is a major improvement over Harrod-Domar Model.

Reason (II): Solow built a model of long run growth without the assumption of fixed proportions in production.

Which of the following is correct?

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Harrod–Domar and Solow growth models has come up 113 times in 7 exams since 2006.

What this question tests

This question is on The Solow model and its steady state, part of Harrod–Domar and Solow growth models in Economics of Growth and Development.

Growth with substitutable factors: capital per worker settles where saving covers depreciation and dilution.

TestStop has 38 past-paper questions on this subtopic; the nearest in year are below.

  • IIT JAM 2022 · Q14An economy follows the Solow model with production function y = √k, where y is output per worker and k is…
Practise Harrod–Domar and Solow growth modelsMore on The Solow model and its steady state

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Question from the JNU SSS 2019 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.