Author Question: If the incremental capital output ratio is 3 and the ratio of saving to national income is 9, ... (Read 153 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?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

For a complete list of videos, visit our video library