A Higher Saving Rate Leads to Faster Growth Because

question 15

Multiple Choice

A higher saving rate leads to faster growth because

• A)people could consume more of an economy's output.
• B)more saving produces greater additions to capital per hour of labour, raising real GDP per person.
• C)capital would wear out faster.
• D)population growth would accelerate.

---

Definitions:

Skewed

Describes a distribution that is not symmetrical, with data points that are disproportionately clustered at one end or the other.

Symmetrical

In statistics, refers to a shape or distribution that is the same on both sides of the center.

Positively Skewed

A distribution shape where the tail is longer on the right side, indicating that there are a number of exceptionally high values.

Distribution of Exam Scores

Refers to the frequency and pattern of marks obtained by students across an examination, typically visualized as a graph or described with statistical measures.