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Consider Three Imaginary Countries

Question 260

Multiple Choice

Consider three imaginary countries.In Old York,saving amounts to $3,000 and consumption amounts to $7,000;in New Frank,saving amounts to $2,000 and consumption amounts to $8,000;and in Ganzee,saving amounts to $4,500 and consumption amounts to $10,500.The saving rate is


A) higher in Old York than in Ganzee,and it is higher in Ganzee than in New Frank.
B) higher in New Frank than in Ganzee,and it is higher in Ganzee than in Old York.
C) higher in Ganzee than in New Frank,and it is the same in New Frank and Old York.
D) higher in Old York than in New Frank,and it is the same in Old York and Ganzee.

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