Question
According to the Solow Model, which factor is primarily
responsible for sustained economic growth in the long run?Solution
In the Solow Model, sustained economic growth in the long run is primarily attributed to technological progress. While increases in the labour force and capital stock contribute to growth, but not in long run (Once we reach to new steady state) . Technological progress continuously shifts the production function upward, allowing for ongoing growth.
24.99 × 32.05 + ? - 27.01 × 19.97 = 29.99 × 27.98
(14.56)² × √840 =?
...- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exactvalue.)
24.99% of 1619.78 + (1259.84 ÷ 12.24) = ? × 16.98
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
56.02% of 1499.98 + 64.04% of 2501.01 = ? + 25.05 × 49.98 + 6.063
- 27.99² - 40.02% of 419.99 + √3135.99 = ? X 5.99
The speed of the boat in still water is 20% less than the speed of the boat in downstream. The time taken by the boat to cover 780 km distance in upstre...
[(5/6 of 720.21) + 39.79% of 550.14] × (√120.91 + 29.99% of 200.09) = ?
? = 21.91% of (36.2 × (144.01 + 5.95)) + 16.71