Answer to Question #232032 in Macroeconomics for Benjamin Bansah

Question

Development model by Musgrave and Rostow

Answer 1

Musgrave and Rostow development model base their explanations of increasing public expenditure on the need to provide social amenities for growth and development. In addition, it places the development process along a spectrum of different levels. As economic development have gone past through various stages and each stage, other components or decisions are included in it.