61 Which country was the first to move to the stage of high mas consumption?

USA

62 Under the ‘Big Push’ strategy of development, where the large investments are to be directed?

Industry

63 The basic logic behind the ‘Big Push’ strategy of development is related to what?

External economies

64 ‘Big Push’ strategy was formulated in the context of

Eastern Europe

65 Who first of all advocated the ‘Big Push’ strategy?

Paul N-Rosenstein-Rodan

66 What is the status of capital-output ratio in developed countries?

Fairly stable

67 What does the Incremental Capital Output Ratio (ICOR) means?

Ratio of investment to change in output

68 The use of capital-output ratio for development planning was inspired by which growth model?

The Harrod-Domar model

69 What is the status of capital-output ratio in a country during its different phases of growth?

Changes within narrow limits

70 What does balanced growth implies?

Simultaneous development of a variety of activities, which support one another