In the Harrod's model of economic growth, actual rate of growth is determined by

In Harrod's growth model, the actual rate of growth ($G$) is determined by the actual saving-income ratio ($s$) and the actual incremental capital-output ratio (\(C =…

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In Harrod's growth model, the actual rate of growth ( $G$ ) is determined by the actual saving-income ratio ( $s$ ) and the actual incremental capital-output ratio ( $C = \frac{\Delta K}{\Delta Y}$ ), expressed as $G = \frac{s}{C}$ or $GC = s$ .

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In the Harrod's model of economic growth, actual rate of growth is determined by

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