Economics · Growth and Development
A growth model in which there are diminishing returns on each factor of production but constant returns to scale, and where exogenous technological changes generate long-term economic growth, is known as the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Solow model✓
- 2Kalecki model
- 3A.K. Sen model
- 4Leibenstein model
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Solow model
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