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Which of the following models considers that economic growth depends on the availability of resources?

1. Neo-Malthusian model
2. Harrod-Domar model
3. Ricardian equivalence model
4. Absolute advantage model

Correct answer: Harrod-Domar model

Solution

The Harrod-Domar model explains economic growth in terms of savings, investment, and capital accumulation, which depend on resource availability. It is a classic growth model used in development economics. Hence, the correct answer is Harrod-Domar model.

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