If the incremental capital output ratio is 3 and the ratio of saving to national income is 9%, according to the Harrod-Domar model the growth rate of income is

Question

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The Harrod-Domar model states that the growth rate of income (g) is equal to the savings ratio (s) divided by the incremental capital-output ratio (ICOR). Here, g = s / ICOR = 9% / 3 = 3%.

If the Incremental Capital Output Ratio Is 3 and the Ratio