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25 Dec 2018

1) According to the Harrod-Domar model, which are the determinants of economic growth?

2) List the stages of development in the linear stage model.

3) Describe the “Traditional Society Stage” in the linear stage model

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Patrina Schowalter
Patrina SchowalterLv2
27 Dec 2018
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Related questions

As you examine the various theoretical perspectives of Economic Development:

1. THE BASIC GROWTH MODEL (aggregate production functions)

2. THE HARROD-DOMAR GROWTH MODEL

3. THE SOLOW (NEOCLASSICAL) GROWTH MODEL

4. DIMINISHING RETURNS AND THE PRODUCTION FUNCTION

Chose one and in prepare a post supporting this model of development

Suppose that the country of Xanadu saves 20% of its income and has a capital-output ratio of 4.

a) Using the Harrod-Domar model,calculate the rate of total GDP in Xanadu.

b) If population growth were 3% per year and Xanadu wanted to achieve a growth rate of per capita GDP of 4% per year, what would its savings rate have to be to get to this growth rate?

c) Now return to the case where the savings rate is 20% and the capital-output ratio is 4. Imagine ,now, that the economy of Xanadu suffers violent labour strikes every year , a quarter of it goes unused because of these labour disputes. if population growth is 2% per year, calculate the rate of per capita income growth in Xanadu under the new scenario?

Suppose that the country of Xanadu saves 20% of its income and has a capital-output ratio of 4.

a) Using the Harrod-Domar model,calculate the rate of total GDP in Xanadu.

b) If population growth were 3% per year and Xanadu wanted to achieve a growth rate of per capita GDP of 4% per year, what would its savings rate have to be to get to this growth rate?

c) Now return to the case where the savings rate is 20% and the capital-output ratio is 4. Imagine ,now, that the economy of Xanadu suffers violent labour strikes every year , a quarter of it goes unused because of these labour disputes. if population growth is 2% per year, calculate the rate of per capita income growth in Xanadu under the new scenario?

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