Economics · Growth and Development
Match List-I with List-II regarding macroeconomic growth models and laws: List-I (Concepts): A. Kaldor's first law of growth B. Kaldor's second law of growth C. Kaldor's third law of growth D. Okun's law List-II (Expressions): I. Pm = f(gm), f' > 0 II. y' = -ε(u - u') III. gGDP = f(gm), f' > 0 IV. Pnm = f(gm), f' > 0 (where, gm = manufacturing output growth, gGDP = GDP growth, Pnm = productivity outside manufacturing, Pm = productivity in manufacturing) Choose the correct match from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-IV, B-III, C-II, D-I
- 2A-III, B-I, C-IV, D-II✓
- 3A-III, B-IV, C-I, D-II
- 4A-IV, B-III, C-I, D-II
Correct answer
A-III, B-I, C-IV, D-II
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