A higher saving rate leads to faster growth because
A) more saving produces greater additions to capital per hour of labor, raising real GDP per person.
B) capital would wear out faster.
C) population growth would accelerate.
D) people could consume more of an economy's output.
Correct Answer:
Verified
Q345: Savings is an important factor influencing economic
Q346: Which of the following policy actions could
Q347: Which of the following policies improves prospects
Q348: Which of the following has NOT been
Q349: Ongoing economic growth in real GDP per
Q351: Which of the following is one of
Q352: Which growth theory predicts perpetual growth?
A) neoclassical
Q353: Activities that encourage faster growth are
A) developing
Q354: To achieve faster growth, one possibility is
Q355: Which of the following statements is CORRECT?
I.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents