In the context of theory of economic growth, match the theory / facts given in List-I with their…
The matching is Golden Rule of Accumulation–Edmund Phelps, stylised facts of economic growth–Nicholas Kaldor, unbalanced growth–Hirschman, and falling rate of profit–Karl…
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In the context of theory of economic growth, match the theory / facts given in List-I with their propounders given in List-II.
| List-I (Theory / Facts) | List-II (Propounders) |
|---|---|
| P. Golden Rule of Accumulation | 1. Nicholas Kaldor |
| Q. Stylised Facts of Economic Growth | 2. Karl Marx |
| R. Theory of Unbalanced growth | 3. Edmund Phelps |
| S. Falling rate of Profit | 4. Hirschman |
Answer and explanation
Correct answer B
The matching is Golden Rule of Accumulation–Edmund Phelps, stylised facts of economic growth–Nicholas Kaldor, unbalanced growth–Hirschman, and falling rate of profit–Karl Marx. These associations give P-3, Q-1, R-4, S-2.
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Jammu & Kashmir and Ladakh SET (JKSET/LASET)