Economics · Economic Growth and Development

Incremental Capital-Output Ratio (ICOR) is defined mathematically as the ratio of:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Increment in Output to the Increment in Capital
2Increment in Capital to the Increment in Savings
3Increment in Capital to the Increment in Output✓
4Increment in Income to the Increment in Capital

Correct answer

Increment in Capital to the Increment in Output

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Incremental Capital-Output Ratio (ICOR) is defined mathematically as the ratio of:

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Incremental Capital-Output Ratio (ICOR) is defined mathematically as the ratio of:

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