"The tricks of economic growth and development are simply a matter of increasing national savings and investment." Is a simplest form of?
Correct answer: B. Harod-Domar growth model
- A. Rostow growth stages
- B. Harod-Domar growth model
- C. Keynesian development theory
- D. None
Explanation
The Harrod-Domar model links economic growth to increased saving and investment, with investment expanding productive capacity. Rostow's model describes stages of development, while Keynesian theory is broader than this specific saving-investment framework.
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