Table 11-4

-Refer to Table 11-4.In the table above,which countries are consistent with the predictions of the economic growth model?
A)Botswana and Thailand
B)Japan and Guatemala
C)only Japan
D)all four countries

Question

Table 11-4
 
-Refer to Table 11-4.In the table above,which countries are consistent with the predictions of the economic growth model?
A)Botswana and Thailand 
B)Japan and Guatemala 
C)only Japan 
D)all four countries

Quizplus · Accepted Answer

According to the economic growth model, countries with a high investment rate and a high savings rate are likely to experience economic growth. In the table, Botswana and Thailand have both high investment rates (26% and 33% respectively) and high savings rates (34% and 35% respectively), which is consistent with the model. Japan has a high investment rate (21%) but a low savings rate (4%), which is not consistent with the model. Guatemala has a low investment rate (15%) and a low savings rate (6%), which is also not consistent with the model. Therefore, the correct answer is A) Botswana and Thailand.

Table 11-4 -Refer to Table 11-4.In the Table Above,which Countries Are Consistent