MCQOPTIONS
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| 1. |
Which of the following is not an interpretation of the golden rule of accumulation? |
| A. | ‘Invest your profits, consume your wages.’ |
| B. | The share of profit in output is equal to the ratio of investment to output. |
| C. | Saving ratio should be equal to the elasticity of output with respect to capital. |
| D. | None of the above. |
| Answer» E. | |