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List of top Economics Questions on Economics and economic theories asked in IIT JAM EN

Consider a Solow model with the production function: \(Y=K^\alpha L^{1-\alpha}\), where \(Y\), \(K\), and \(L\) are output, capital, and labour, respectively. \(\alpha\) is a positive constant. The savings rate, depreciation rate, and labour growth rates are \(20\%\), \(7\%\), and \(3\%\), respectively. If \(\alpha=0.5\), then the steady-state capital-labour ratio is (in integer).
  • IIT JAM EN - 2026
  • IIT JAM EN
  • Economics
  • Economics and economic theories
Let us consider an AK growth model where the growth rate of per-capita output, population growth rate, and depreciation rate are \(4\%\), \(2\%\), and \(4\%\), respectively. If productivity parameter \((A)\) is \(0.5\), then savings rate (in %) is (in integer).
  • IIT JAM EN - 2026
  • IIT JAM EN
  • Economics
  • Economics and economic theories
Which one of the following statements regarding Romer’s Endogenous Growth model and Solow’s Growth model is CORRECT?
  • IIT JAM EN - 2026
  • IIT JAM EN
  • Economics
  • Economics and economic theories
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