Savings is an important factor influencing economic growth because saving
A) can finance new investment and capital formation.
B) provides a fund for wages needed from any unexpected population growth.
C) helps the economy maintain the current level of total expenditures when a recession begins.
D) All of the above answers are correct.
Correct Answer:
Verified
Q245: Which of the following statements is CORRECT?
I.
Q246: New growth theory proposes that real GDP
Q247: Which of the following has NOT been
Q248: Which growth theory predicts perpetual growth?
A) classical
Q249: An important foundation of the new growth
Q251: Which growth theory models growth as a
Q252: Which theory emphasizes the significance of new
Q253: Which of the following policy actions could
Q254: If the saving rate increases, a countryʹs
Q255: A higher saving rate leads to faster
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