Question
A developing country has a saving rate of 12 percent and an incremental capital output ratio of 3. Using the Harrod-Domar model, calculate what the
A developing country has a saving rate of 12 percent and an incremental capital output ratio of 3. Using the Harrod-Domar model, calculate what the GDP of this country will be next year if the current GDP is $ 1500?
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Economics Today The Macro View
Authors: Roger LeRoy Miller
19th Edition
0134478762, 978-0134478760
