|
if d saving propensity is 14 percent and the incremental capital output ratio is 4,and the population growth rate is 3 percent,there is constant returns to scale nad no technical progress,then
a.warranted rate of growth is greater than natural rate of growth
b.warranted rate of growth is less than d natural rate of growth
c.the economy will alwayz grow at 3 percent rate of growth
d.the economy will alwayz grow at more than 3 % rate of growth.
how to solve this one.plzz give explanation
|