Economics · Economic Growth Models
According to the Harrod-Domar growth model, given a constant incremental capital-output ratio, the warranted rate of growth depends directly upon the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rate of technological progress
- 2Saving-income ratio✓
- 3Growth rate of the labour force
- 4Marginal efficiency of capital
Correct answer
Saving-income ratio
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