Capital deepening refers to
1) going for more fixed capital per worker
2) emphasis on social overhead capital
3) constant capital-output ratio
4) increasing capital-output ratio
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Capital deepening is a situation where the capital per worker is increasing in the economy. This is also referred to as an increase in the capital intensity. Capital deepening is often measured by the rate of change in capital stock per labour hour.
• Capital output ratio is the amount of capital needed to produce one unit of output.
1) going for more fixed capital per worker