Many economists argue that Japan's remarkable long- run growth rate between 1950 and 1990 was largely due to Japan's
A)skilled labour force that developed over those forty years.
B)high consumption rate for high quality electronic products.
C)high national saving rate.
D)excessive amounts of money invested into research and development.
E)restrictive trade barriers which eliminated foreign competition.

Question

Quizplus · Accepted Answer

Many economists attribute Japan's long-run growth between 1950 and 1990 to its high national saving rate. Japan's saving rate was consistently higher than other developed countries, allowing for more investment in capital and technological advances. This, in turn, contributed to Japan's economic growth.

Many Economists Argue That Japan's Remarkable Long- Run Growth Rate