Question

In the Harrod-Domar growth model, economic growth is determined by:

Q: Answer-In the Harrod-Domar growth model, economic growth is determined by:

The Harrod-Domar model explains growth as gsk Where g growth rate, s savings rate, k capital-output ratio. Higher savings or more efficient use of capital lower k leads to higher growth. This model emphasizes investment as the driver of growth.

A Labor and capital only

B Savings and capital-output ratio

C Technological progress only

D Government expenditure

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In the Harrod-Domar growth model, economic growth is determined by:

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