Which growth model inspired the use of capital-output ratio for development planning?
A)the harrod-domar model
B)solow's model
C)kaldor's model
D)feldman's model

Question

Quizplus · Accepted Answer

The Harrod-Domar model inspired the use of the capital-output ratio for development planning. It emphasizes the importance of savings and investment as drivers of economic growth and uses the capital-output ratio to determine the necessary investment to achieve a desired growth rate.

Which Growth Model Inspired the Use of Capital-Output Ratio for Development