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CSS Solved Papers
Physics Chemistry

CSS :: Economic Growth and Development


  Which of the following statements is incorrect?
[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
[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

Answer: Option B


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