1. Capital Output Ratio is determined by a. Sectoral Allocation of Capital. b. Level of Economic Activity. C.Human Capital and Natural Resources d. All of the above
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Answer:
answer A
Explanation:
The size of the capital ratio output can only be determined when the amount of capital that has been used for the production of output is known. If depreciation of capital is assumed as constant, then the capital output ratio is calculated by the ratio of GDP invested each year.
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