CSS :: Economic Growth and Development
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Which of the following statements is incorrect?
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[A]. |
The essence of balanced growth is that the economy should advance at a steady rate with savings equal to investment | [B]. |
The thesis of development with unlimited supplies of labour was originally formulated by R. Nurkse
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[C]. |
The capital-output ratio is the inverse of the annual rate of return on productivity of capital | [D]. |
E.D. Domar assumed that full employment of labour and capital occurred simulataneously |
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