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4.3.2 Factors influencing growth and development

In the Harrod-Domar model,

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A
growth rate=savings ratio−capital-output ratio \text{growth rate} = \text{savings ratio} - \text{capital-output ratio} growth rate=savings ratio−capital-output ratio
B
growth rate=savings ratiocapital-output ratio \text{growth rate} = \dfrac{\text{savings ratio}}{\text{capital-output ratio}} growth rate=capital-output ratiosavings ratio​
C
growth rate=capital-output ratiosavings ratio \text{growth rate} = \dfrac{\text{capital-output ratio}}{\text{savings ratio}} growth rate=savings ratiocapital-output ratio​
D
growth rate=savings ratio×capital-output ratio \text{growth rate} = \text{savings ratio} \times \text{capital-output ratio} growth rate=savings ratio×capital-output ratio

4.3.2 Factors influencing growth and development Flashcards

  1. A Level
  2. /Economics
  3. /4.3.2 Factors influencing growth and development

Flashcards for Edexcel A A Level Economics 4.3.2 Factors influencing growth and development, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 27 cards, matched to the Edexcel A A Level Economics (9EC0) specification.