In developing economies, national saving is often ________ relative to developed economies.

Question

Quizplus · Accepted Answer

In developing economies, national saving is often low relative to developed economies due to a variety of factors such as limited access to financial institutions, low income levels, and lack of information about the importance of saving. This hinders economic growth and can lead to dependence on foreign investment and aid.

In Developing Economies, National Saving Is Often ________ Relative to Developed