Which one of the following is TRUE?
A) Saving deters economic growth, because it takes money out of circulation.
B) Saving enables economic growth by providing for investment in the capital stock.
C) International comparisons have found no relationship between the rate of saving and the level of per capita real GDP.
D) Economies with sophisticated credit markets, such as the United States, have no need for saving.
Correct Answer:
Verified
Q120: In the United States, the main contributor
Q121: Economic growth depends on
A) low tax rates.
B)
Q122: An important factor in determining a country's
Q123: Countries with higher rates of saving
A) experience
Q124: Many countries find it difficult to achieve
Q126: Of the following nations, the country with
Q127: Other things being equal, an increase in
Q128: It is likely that a small increase
Q129: When comparing across countries, the higher the
Q130: If all income is consumed in a
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