Examination of recent data for many countries shows that countries with high saving rates generally have high levels of output per person because:
A) high saving rates mean permanently higher growth rates of output.
B) high saving rates lead to high levels of capital per worker.
C) countries with high levels of output per worker can afford to save a lot.
D) countries with large amounts of natural resources have both high output levels and high saving rates.
Correct Answer:
Verified
Q30: In the Solow growth model of Chapter
Q31: Starting from a steady-state situation, if the
Q32: If the national saving rate increases, the:
A)
Q33: The Golden Rule level of capital accumulation
Q34: Exhibit: Capital-Labor Ratio and the Steady State
Q36: If a war destroys a large portion
Q37: Among the four countries-the United States, the
Q38: Assume two economies are identical in every
Q39: Exhibit: The Capital-Labor Ratio Q40: The formula for the steady-state ratio of![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents