Question
In the Solow Model, what is the impact of an increase in
the savings rate on the steady state level of capital per worker?Solution
An increase in the savings rate leads to higher investment in capital. As a result, the steady state level of capital per worker increases until the new level of savings and investment equals the depreciation of capital.
Consider the following statements with reference to the First Carnatic War:
1. The war was fought between Dutch and French forces.
2. I...
Who founded the East India Association?
Where did the Revolt of 1857 first break out?
Who led the English forces to victory in the Battle of Bedara against the Dutch in Bengal, securing British dominance in the region?
Who was the Governor-General of India during the Sepoy Mutiny of 1857?
Consider the following statements with reference to the Peel Commission set up after the revolt of 1857:
1. It was appointed to look into the m...
Consider the following statements with reference to British officer Lord Canning:
1. He was the first governor general and the first viceroy of...
Which mountain range forms the natural border between India and China?
With reference to the Mountbatten Plan, consider the following statements.
1. Also known as the 3rd June plan.
2. Referendum for North Wes...
Consider the following statements regarding Balshastri Jambhekar:
1. He attacked Brahmanical orthodoxy and tried to reform Hinduism.
2....
