Harrod argues that in an economy with constant capital-labour ratio, the ------------ can never be more than the natural rate of growth of output.

Related MCQs

• Harrod’s definition of rate of growth of an economy do not include
• The Harrod-Domar growth model suggests that growth is
• The Harrod-Domar growth model is based on the relationship of what two economic elements?
• Harrod-Domar model of growth is based on the concepts of and their equality
• The rate of growth of an economy mainly depends upon:
• Rate of growth of an economy is measured in terms of:
• The instability of equilibrium in the Harrod model was used by him to explain the business cycles above and below the trend path of --------
• Harrod explained the peaks and troughs of the business cycles through the use of
• The extension of Harrod-Domar model was made by adding the term for foreign trade balance as per cent of
• Which growth model inspired the use of capital-output ratio for development planning?