Author Question: If the incremental capital output ratio is 3 and the ratio of saving to national income is 9, ... (Read 147 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
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
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
 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

For a complete list of videos, visit our video library