Use Harrod – Domar Model to answer the following question:
a. Using the Harrod-Domar growth equation, what saving rate would have been required for this country to achieve an aggregate growth rate of 8 percent per annum?
b. With the same capital output ratio, what growth target could be achieved with a saving rate of 27 percent?
This question belongs to economics and discusses about calculating a country’s real GDP per capita equal in 2046.
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