The world economy is currently in approximate balance concerning consumption levels, savings rates, and fiscal deficits of advanced countries and emerging countries.

Question

Quizplus · Accepted Answer

The statement is not entirely true as there are significant differences in consumption levels, savings rates, and fiscal deficits among advanced and emerging countries. However, it is also not entirely false as the world economy aims for balance and stability overall.

The World Economy Is Currently in Approximate Balance Concerning Consumption