What Is the Main Difference Between the Harrod-Domar Growth Model

question 3

Multiple Choice

What is the main difference between the Harrod-Domar growth model and the Lewis growth model?

• A) emphasizing on saving and investment.
• B) physical capital is the key to promote economic growth.
• C) how to promote saving and investment.
• D) empirical support.

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Definitions:

Molecules

Molecules are two or more atoms bonded together, forming the smallest fundamental units of a chemical compound that can take part in a chemical reaction.

Biochemical Reactions

Chemical processes that occur within living organisms to support life, including metabolism, respiration, and photosynthesis.

Cooler Temperatures

Conditions or environments characterized by lower thermal energy, often leading to decreased kinetic energy of atoms or molecules.

Grow More Slowly

A process or condition of developing or increasing in size or scale at a pace that is less rapid than expected or typical.