Which of the following is not correct?
A) American families save a larger fraction of their incomes than their counterparts in many other countries such as Germany and Japan.
B) Saving is an important long-run determinant of a nation's standard of living.
C) A change in tax laws that encouraged greater saving would lower interest rates.
D) Taxes on interest income can substantially decrease the future value of current saving.

Question

Quizplus · Accepted Answer

The statement is not correct. According to data from the World Bank, Germany and Japan have higher household saving rates than the United States.

Which of the Following Is Not Correct