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Which of the following statements define the term ‘Solow-Swan Model’?a)Changes in the level of output in an economy is the result of changes in the population growth, capital and technology.b)The rate of economic growth depends on two things i.e. Level of Savings and Capital-Output Ratio.c)It describes how much output is produced for any given amounts of factor inputs productivity.d)It says that economic growth occurs by increasing either the capital stock or the size of the labour force, or both.Correct answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements define the term ‘Solow-Swan Model’?a)Changes in the level of output in an economy is the result of changes in the population growth, capital and technology.b)The rate of economic growth depends on two things i.e. Level of Savings and Capital-Output Ratio.c)It describes how much output is produced for any given amounts of factor inputs productivity.d)It says that economic growth occurs by increasing either the capital stock or the size of the labour force, or both.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements define the term ‘Solow-Swan Model’?a)Changes in the level of output in an economy is the result of changes in the population growth, capital and technology.b)The rate of economic growth depends on two things i.e. Level of Savings and Capital-Output Ratio.c)It describes how much output is produced for any given amounts of factor inputs productivity.d)It says that economic growth occurs by increasing either the capital stock or the size of the labour force, or both.Correct answer is option 'A'. Can you explain this answer?.

Solutions for Which of the following statements define the term ‘Solow-Swan Model’?a)Changes in the level of output in an economy is the result of changes in the population growth, capital and technology.b)The rate of economic growth depends on two things i.e. Level of Savings and Capital-Output Ratio.c)It describes how much output is produced for any given amounts of factor inputs productivity.d)It says that economic growth occurs by increasing either the capital stock or the size of the labour force, or both.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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