Use the table below to answer this question. The data show national savings rates as a percentage of GDP; the growth rate of real GDP per person; and birth rates in 2006.
www.econstats.com; www.os-connect.com
If the data support the neoclassical growth theory, we would expect to see
A) Japan with the highest economic growth rate because the high saving means that more capital is accumulated.
B) the United States with the highest economic growth rate because a lower savings rate means more income is spent on consumption.
C) Canada with the highest economic growth rate because it has the highest real GDP per person.
D) the United States with the highest economic growth rate because it has the highest birth rate.
Correct Answer:
Verified
Q265: All of the following would increase the
Q270: The relationship between education and economic growth
Q273: A country would achieve faster growth by
A)
Q280: Several factors are important for achieving faster
Q281: A key assumption of new growth theory
Q283: "IT Policy Can Spur Economic Growth, Industry
Q286: According to UNESCO reporting, "Governments in North
Q290: Which theory of economic growth concludes that
Q293: "Why India Cannot Sustain High Economic Growth",
Q300: How has U.S. real GDP per person
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents