« previous next »

Author Question: If the incremental capital output ratio is 3 and the ratio of saving to national income is 9, ... (Read 178 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
on: Jun 30, 2018
If the incremental capital output ratio is 3 and the ratio of saving to national income is 9, according to the Harrod-Domar model the growth rate of income is
 
  (a) zero.
  (b) 3.
  (c) 6.
  (d) 12.

Question 2

Why might the use of more advanced technology not be a sufficient condition for sustained economic growth?
 
  What will be an ideal response?


al

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

It may require an inefficiently high capital labor ratio and complementary factors, especially education, may be lacking. Additional points depend on lecture coverage.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Your heart beats over 36 million times a year.

National Ambient Air Quality Standards National Ambient Air Quality Standards
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
U.S. Output and Productivity Growth, 1870–2007 U.S. Output and Productivity Growth, 1870–2007
Video: Non-polar compounds - insolubility

For a complete list of videos, visit our video library