Question

    In which economic growth model is the transition from

    stagnation to self-sustained growth emphasized as a central feature for underdeveloped economies?
    A Fei-Ranis Correct Answer Incorrect Answer
    B Rostow Correct Answer Incorrect Answer
    C Malthus Correct Answer Incorrect Answer
    D Adam Smith Correct Answer Incorrect Answer
    E Harrod-Domar Correct Answer Incorrect Answer

    Solution

    Rostow’s model outlines five stages of economic growth, with a focus on moving from a traditional subsistence economy to a stage of self-sustained economic growth.

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