An Open Economy with a Low Saving Rate (Private and Public)

question 10

Multiple Choice

An open economy with a low saving rate (private and public) must have:

• A) a current account deficit only.
• B) low investment or a current account surplus.
• C) low investment only.
• D) a current account surplus only.
• E) low investment or a current account deficit.

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Definitions:

Traditionally Urban Jobs

Occupations commonly found in city environments, often relating to industries like finance, services, and technology.

Rural Rebound

A demographic trend where people move from urban to rural areas, often seeking improved quality of life or to escape the congestion of cities.

Urban Boomerang

The phenomenon where individuals leave urban areas for rural or less dense areas, only to return to the city after a period.

Social Movement

An organized collective effort by a large group of people to bring about or resist social change, often aiming to address societal issues or grievances.