MCQOPTIONS
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| 1. |
Harrod argues that in an economy with constant capital-labour ratio, the ------------ cannever be more than the natural rate of growth of output. |
| A. | warranted (required) rate of growth of output |
| B. | actual rate of growth of output |
| C. | sustainable rate of growth of output |
| D. | natural rate of growth of output |
| Answer» C. sustainable rate of growth of output | |