Economics · Harrod-Domar Model
In his growth model, Roy Harrod emphasized the 'capital-widening' and 'capital-deepening' aspects. Capital-widening occurs when capital stock increases at the same rate as labor force, while investment that increases the capital-labor ratio is known as capital- ___________.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Increasing
- 2Deepening✓
- 3Diminishing
- 4Decreasing
Correct answer
Deepening
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