This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain how the Harrod-Domar growth model, while extremely limited, provides important insights into ... (Read 217 times)

Themember4

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
Explain how the Harrod-Domar growth model, while extremely limited, provides important insights into the growth process.
 
  What will be an ideal response?

Question 2

What is meant by the demographic transition? What are the differences in the demographic transition between the current developed economies and developing countries?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

hugthug12

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

The model focuses only on the aggregate rates of savings and investment, and requires a single, knife-edge equilibrium growth rate. Nevertheless the essential roles of saving and investment are worth studying for their impact on growth.

Answer to Question 2

The answer is discussed in the text in section 6.3.


Themember4

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
:D TYSM

adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

ABO Blood Reactions Are Important in Transfusions ABO Blood Reactions Are Important in Transfusions
Gravitational Lensing of Extremely Distant Galaxies Gravitational Lensing of Extremely Distant Galaxies
Marx's Model Of The Social Classes Marx's Model Of The Social Classes
Wright's Modification of Marx's Model Of The Social Classes Wright's Modification of Marx's Model Of The Social Classes
Three-Box Model Three-Box Model
Vermont Instruments manufactures two models of calculators. The finance model is the Fin-X and ... Vermont Instruments manufactures two models of calculators. The finance model is the Fin-X and ...
Video: Skin Cancer

For a complete list of videos, visit our video library