Economics · Kaldor's Growth Model
Kaldor's growth model incorporates which of the following assumptions? (a) Total savings include savings out of wages and savings out of profits (b) Marginal propensity to save out of wages is equal to the marginal propensity to save out of profits (c) Total output consists of wages and profits (d) There is less than full employment Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1a, c and d only
- 2b and d only
- 3a and c only✓
- 4a and b only
Correct answer
a and c only
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