Economics · Economic Growth Models
Match the economic growth theories/models in Column A with their correct descriptions in Column B: Column A (Theory/Model)1. Harrod-Domar Model2. Solow (Neoclassical) Model3. Endogenous Growth (AK Model)4. Mahalanobis Two-Sector Model Column B (Description) P. Exogenous growth based on savings rate and capital-output ratio Q. Long-run growth driven by technological progress (exogenous) R. Growth sustained by knowledge, human capital, and no diminishing returns S. Heavy industry investment for accelerated capital accumulation in India Identify the CORRECT matching:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11-P, 2-R, 3-Q, 4-S
- 21-R, 2-S, 3-Q, 4-P
- 31-Q, 2-P, 3-S, 4-R
- 41-P, 2-Q, 3-R, 4-S✓
Correct answer
1-P, 2-Q, 3-R, 4-S
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