Statement I: If we could raise our savings rate to the level of the Chinese rate,our growth rate would also rise to the level of the Chinese rate.
Statement II: Our economy did not grow between 1985 and 1994.

Question

Quizplus · Accepted Answer

Statement I is false because a higher savings rate does not automatically guarantee a higher growth rate, as growth depends on various factors. Statement II is false because the economy did grow between 1985 and 1994.

Statement I: If We Could Raise Our Savings Rate to the Level