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 143 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

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Growth hormone disorders. Illustration of a pituitary giant and a pituitary dwarf, both adults of ab Growth hormone disorders. Illustration of a pituitary giant and a pituitary dwarf, both adults of ab
Skull tooth growth Skull tooth growth
Gravitational Lensing of Extremely Distant Galaxies Gravitational Lensing of Extremely Distant Galaxies
Growth cones. The cytoplasmic fingers (the filopodia) of growth cones seem to grope for the correct ... Growth cones. The cytoplasmic fingers (the filopodia) of growth cones seem to grope for the correct ...
How to fit an exponential model to data How to fit an exponential model to data
The sliding filament model of muscle contraction The sliding filament model of muscle contraction
Video: DNA fingerprinting Animation

For a complete list of videos, visit our video library