The Harrod-Domar growth model is based on the relationship of what two economic elements?
A)raw materials and technology
B)savings and investment
C)educational enrolment and number of teachers
D)tariff and tax levels

Question

Quizplus · Accepted Answer

The Harrod-Domar growth model emphasizes the importance of savings and investment as key factors for economic growth. It suggests that the economy's growth rate depends on the level of savings and the productivity of investments.

The Harrod-Domar Growth Model Is Based on the Relationship of What