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Question 2. In China during the 1980s the incremental capital-output ratio (ICOR) averaged 4.4. According to Harrod-Domar model what growth target could be achieved by
Question 2.In China during the 1980s the incremental capital-output ratio (ICOR) averaged 4.4. According to Harrod-Domar model what growth target could be achieved by China with a saving rate of 45% if annual depreciation rate is 1.5 percent? Do not forget to indicate the units for your answer.
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