Question
The Rolling Plan for backward countries was suggested by
which economist?Solution
The Rolling Plan was proposed by Gunnar Myrdal, a Swedish economist and Nobel Laureate. It was a strategy to address the issues of underdevelopment in backward countries by ensuring continuous planning and adjustment.
Consider a Keynesian Cross Model with following features, Consumption Function: C= C0 + b (Y – T) Â
Tax Function: T = T0 + tY Â
I...
Which of the following are features of India's Green Revolution from the mid-1960s to the mid-1980s?
(1) Increase in crop productivity
Suppose we regress the dependent variable y on four independent variables x1, x2, x3, and x4. After running the regression on n = 16 observations, we ha...
Which of the following statements are correct about trilemma in monetary policy
A. It is related to closed economy model.
B. It involves...
Which branch of economics deals with the study of the economic activities of individual units?
Two people enter a bus. Two adjacent cramped seats are free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sit...
Suppose we regress the dependent variable y on four independent variables x1, x2, x3, and x4. After running the regression on n = 16 observatio...
Two people enter a bus. Two adjacent cramped seats are free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sit...
________ was an important growth strategy adopted by India prior to 1991.
Consider a Keynesian Cross Model with following features, Consumption Function: C= C0 + b (Y – T)
Tax Function: T = T0 + tY
Income...
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