Consider the following statements :

a. Capital output ratio indicates the number of units of capital required to produce one unit of output.

b. Capital output ratio refers to productivity of capital of different sectors at a definite point of time.

c. Along with national savings ratio, capital output ratio can determine the growth rate of national income.

d. The GNP growth rate is proportionately related to capital output ratio.

Which of the above statements are correct?

1
a, b & c
2
b, c & d 
3
c, d & a 
4
d, a & b 

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