CSS Economics Solved Mcqs

Q.  Which of the following statements is incorrect?

a. The essence of balanced growth is that the economy should advance at a steady rate with savings equal to investment
b. The thesis of development with unlimited supplies of labour was originally formulated by R. Nurkse
c. The capital-output ratio is the inverse of the annual rate of return on productivity of capital
d. E.D. Domar assumed that full employment of labour and capital occurred simulataneously


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