The term γ in the Harrod-Domar model equation, ΔY = (1/γ)ΔK, is often referred to as the:

Name: The term γ in the Harrod-Domar model equation, ΔY = (1/γ)ΔK, is often referred to as the:
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The term γ in the Harrod-Domar model equation, ΔY = (1/γ)ΔK, represents the relationship between capital (K) and output (Y) and is known as the capital-output ratio. It shows how much additional output is generated for each unit of new capital added to an economy.

The Term γ in the Harrod-Domar Model Equation, ΔY =