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Which of the following statements is incorrect?

A. The essence of balanced growth is that the economy should advance at a steady rate with savings equal to investment

B. The thesis of development with unlimited supplies of labour was originally formulated by R. Nurkse

C. The capital-output ratio is the inverse of the annual rate of return on productivity of capital

D. E.D. Domar assumed that full employment of labour and capital occurred simulataneously

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