Suppose There Are Two Countries That Are Identical with the Following

question 16

Multiple Choice

Suppose there are two countries that are identical with the following exception: the saving rate in country A is greater than the saving rate in country B. Given this information, we know that in the long run:

• A) economic growth will be higher in A than in B.
• B) economic growth will be higher in B than in A.
• C) output per capita will be the same in the two countries.
• D) output per capita will be greater in B than in A.
• E) output per capita will be greater in A than in B.

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Definitions:

Communication Skills

The ability to convey or share ideas and feelings effectively.

Career

The pursuit of a lifelong ambition or the general course of progression towards lifelong goals in professional life.

Communication Skills

The ability to convey or share information effectively through speaking, writing, or other forms of interaction.

Productivity

The measure of efficiency in producing goods or services, often evaluated by the output per unit of input.