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IGNOU MEC 104 Assignment 2024 Question Paper
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SECTION A
Answer the following questions in about 700 words each. Each question carries 20 marks.
1) Examine the effect of population growth in the Solow model of economic growth. Discuss how the Solow model could be used to explain poverty traps in developing nations.
2) Explain why diminishing returns to capital do not take place in the AK model. Discuss the Lucas model of endogenous growth, bringing out the role of human capital.
SECTION B
Answer the following questions in about 400 words each.
3) Distinguish between economic growth and development. Briefly mention the main benefits that economic growth confers upon society.
4) Describe Pasinetti’s theory of economic growth and distribution.
5) Describe the various approaches to the measurement of total factor productivity.
6) Discuss the impact of income inequality on economic growth
7) Discuss how geographical factors impact economic development.
IGNOU MEC 104 Solved Assignment 2024 Pdf Download Facility
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