Which of the following statements is incorrect?
1.The essence of balanced growth is that the economy should advance at a steady rate with savings equal to investment
2.The thesis of development with unlimited supplies of labour was originally formulated by R. Nurkse
3.The capital-output ratio is the inverse of the annual rate of return on productivity of capital
4.E.D. Domar assumed that full employment of labour and capital occurred simulataneously
Posted Date:-2021-08-16 08:11:52