Refer to the following figure when answering the following questions.
Figure 5.4: Solow Diagram
-Figure 5.4 represents two countries, 1 and 2. Country ________ has a higher saving rate and will have a ________ steady state than the other country.
A) 2; lower
B) 1; higher
C) 2; higher
D) 1; lower
E) Not enough information is given.

Question

Refer to the following figure when answering the following questions.
Figure 5.4: Solow Diagram 
-Figure 5.4 represents two countries, 1 and 2. Country ________ has a higher saving rate and will have a ________ steady state than the other country.
A) 2; lower 
B) 1; higher 
C) 2; higher 
D) 1; lower 
E) Not enough information is given.

Quizplus · Accepted Answer

The Answer of Refer to the following figure when answering the following questions.
Figure 5.4: Solow Diagram 
-Figure 5.4 represents two countries, 1 and 2. Country ________ has a higher saving rate and will have a ________ steady state than the other country.
A) 2; lower 
B) 1; higher 
C) 2; higher 
D) 1; lower 
E) Not enough information is given.

Refer to the Following Figure When Answering the Following Questions