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Consider a country whose saving rate is 30% ,the capital output ratio is 3,popln growth rate is 1% and depreciation is zero.
Due to frequent power outage,a quarter of existing capital stock goes unused every year.Using harrod-domar model,the growth rate of per capita output is calculated as
a) 7.5%
B) 6.5%
C) 9%
D) 12.33%
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