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In a Harrod-Domar growth Model, for economy A if capital-output ratio () is 2, savings rate is 80% and depreciation rate is 10%, what will
In a Harrod-Domar growth Model, for economy "A" if capital-output ratio () is 2, savings rate is 80% and depreciation rate is 10%, what will be the growth rate of economy A. For economy B, if is 0.75, savings rate is 10% and depreciation is 13%, what will be the growth rate of economy B. Which economy you expect to be developed economy and why?
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