Given below are two statements: Statement I: Capital deepening is the process by which capital grows at a faster rate than labour and the capital-labour ratio rises. Statement II: The growth of output per worker is the result of technological change which decreases output per worker for a given capital/labour ratio. In the light of the above statements, choose the correct answer from the options given below:

Question

Economics · Economic Growth and Development

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

Statement I is correct but Statement II is incorrect

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Economic Growth and Development?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Economic Growth and Development

Who among the following founded the 'Forward Bloc'?

Which of the following statements regarding the Harappan Civilization is NOT correct?

Which ruler is generally credited with unifying much of Northern India under a single empire for the first time?

Answer 1

Both Statement I and Statement II are incorrect

Answer 2

Statement I is incorrect but Statement II is correct

Answer 3

Statement I is correct but Statement II is incorrect

Answer 4

Both Statement I and Statement II are correct

Related Practice Questions