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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Economics
47. despite being a high saving economy a developing country may still not grow fast primarily due to (1) weak administrative system (2) illiteracy (3) high pop
47. Despite being a high saving economy a developing country may still not grow fast primarily due to (1) Weak administrative system (2) Illiteracy (3) High population density (4) Highcapital output ratio
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Nidhi taparia Best Answer
47. The correct answer is (4). Even when the economy is high saving, growth may not be fast because capital output ratio is very high. What this means is that to produce one unit of output, a very high amount of capital is needed. that's why growth or output isn't picking up fastly.