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Question
The target growth rate for first five year plan was _______ of annual gross domestic product (GDP).
The target growth rate for first five year plan was _______ of annual gross domestic product (GDP).
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Solution
The correct option is A 2.1%
The target growth rate for first five year plan was 2.1% of annual gross domestic product.The first five year plan was based on Harrod Domar Model framework.The first five year plan covers 1951-56. Main focus of the first five year plan was given on
the agricultural development.
The target growth rate for first five year plan was 2.1% of annual gross domestic product.The first five year plan was based on Harrod Domar Model framework.The first five year plan covers 1951-56. Main focus of the first five year plan was given on the agricultural development.
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