Despite being a high saving economy, capital formation may not result in significant increase in output due to
Options
(a)weak administrative machinery
(b)illiteracy
(c)high population density
(d)high capital-output ratio
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Class 12Determination of Income and Employment— NCERT Economics, Chapter 4. This chapter builds Keynes's short-run model of national income with prices and the interest rate held fixed. Planned (ex ante) values matter, not accounting (ex post)…
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