When comparing across countries,the higher the rate of savings,

Name: When comparing across countries,the higher the rate of savings,
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The higher the rate of savings, the more capital is available for investment in economic activities, which leads to higher productivity, economic growth, and thus a higher level of per capita real GDP. Therefore, option B is the best choice. Options A, C, and D are incorrect because they do not have a causal relationship with the savings rate.

When Comparing Across Countries,the Higher the Rate of Savings