Assume That the Saving Rate Decreases

question 41

Multiple Choice

Assume that the saving rate decreases. We know that this decrease in the saving rate will cause which of the following?

• A) A permanently lower rate of growth of output per capita.
• B) A temporary decrease in the level of output per capita.
• C) No permanent change in the level of output per capita.
• D) A decrease in the capital- labour ratio.
• E) A temporary increase in the rate of growth of output per capita.

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Definitions:

Frequency Distribution

A statistical analysis showing the number of occurrences of each distinct value in a set of data.

Binge Drinking

The consumption of an excessive amount of alcohol in a short period of time, often defined as five or more drinks for males, and four or more drinks for females in about two hours.

Frequency Distribution

A representation, often in table or graph form, showing how often different values occur in a dataset.

Sample Work

The collection of physical or digital specimens that demonstrate an individual's skills, experience, or qualifications.