Question

The First Five Year Plan was based on ___________.
A) Herold Domar Model
B) P.C . Mahalanobis Model
C) Both the Above
D) None of the above

Answer 1

your answer is here
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A) Herold Domar Model

Answer 2

The answer is “Herold Domar Model”

This type of model is the actual classification of economic growth in the form of classical Keynesian.

Apart from this, this model is widely used for the development economics in order to understand the economic growth rate.

It also works in levels of capital productivity and saving. In 1939, Roy F. Harrod and in 1946, Evsey Domar developed it.