In the context of the theory of economic growth, match the theory/facts given in List I with their…
Kaldor is associated with the stylised facts of growth, Solow with exogenous growth theory, and Phelps with the golden rule of accumulation. Radner and Samuelson are…
Choose your answer
In the context of the theory of economic growth, match the theory/facts given in List I with their propounders given in List II :
| List I | List II |
|---|---|
| (a) Stylised facts of economic growth | (i) R.M. Solow |
| (b) Exogenous growth theory | (ii) N. Kaldor |
| (c) Golden rule of accumulation | (iii) Radner & Samuelson |
| (d) Optimal growth turnpikes | (iv) E.S. Phelps |
Answer and explanation
Correct answer C
Kaldor is associated with the stylised facts of growth, Solow with exogenous growth theory, and Phelps with the golden rule of accumulation. Radner and Samuelson are associated with optimal-growth turnpike results, giving a-ii, b-i, c-iv and d-iii.
Practice for these exams
-
Tamil Nadu SET (TNSET)