Capital-Output Ratio Quiz

Who first introduced the concept of capital-output ratio?

• Colin Clerk

• Liedenstein

• Prof. Harrod and Prof. Domar

• Simun Kuznets

What is another name for the capital-output ratio?

• Output-capital proportion

• Output-investment ratio

• Capital-investment ratio

• Capital-output proportion

Who defined the capital-output ratio as 'the relationship between the investment in an economy or industry and the output of that economy or industry in a given particular period'?

• Prof. George Rosen

• Prof. Gerald Meier

• Prof. Harrod

• Prof. Domar

What does the average capital-output ratio indicate?

• Relationship between capital investment and managerial skill

• Relationship between capital investment and output

• Relationship between stock of capital and current output

• Relationship between capital investment and technological progress

What is another name for the marginal capital-output ratio?

• Incremental capital-output ratio

• Progressive capital-output ratio

• Variable capital-output ratio

What does the marginal capital-output ratio express?

• Relationship between capital investment and factor prices

• Relationship between total stock of capital and annual production income

• Relationship between investment and output in a given period

• Relationship between increase in output and increase in stock of capital

What is the size of the capital-output ratio dependent on?

• All of the above

• Socio-economic policy of government

• Availability and cost of productive capital

• Level and nature of technological progress

Which factor greatly determines the capital-output ratio based on the nature and availability of resources?

• Quality of managerial and organizational skill

• Nature and availability of natural resources

• Availability and cost of productive capital

• Size and growth of population

What determines the size of the capital-output ratio based on the level and nature of technological progress?

• Socio-economic policy of government

• Nature and availability of natural resources

• Technological advances and progress

• Quality of managerial and organizational skill

Which technique of production is advised for solving the problem of larger unemployment in underdeveloped and developing countries?

• None of the above

• Capital-intensive technique

• Labour-intensive technique

• Mixed technique