If the investment rate in Indonesia is 29 percent of GDP,which of the following combinations is consistent with the Harrod-Domar growth model?
A) ICOR = 15.4; GDP growth rate = 7.6 percent per annum
B) ICOR = 2.86; GDP growth rate = 5.1 percent per annum
C) ICOR = 50.6; GDP growth rate = 2.2 percent per annum
D) ICOR = 1 percent; GDP growth rate = 22 percent per annum
Correct Answer:
Verified
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