If a Country's Saving Rate Increases,which of the Following Happens

question 147

Multiple Choice

If a country's saving rate increases,which of the following happens in the long run?

• A)Productivity does not change.
• B)Real GDP per person decreases.
• C)Real GDP per person does not change.
• D)Productivity increases.

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Definitions:

Market Segmentation

The activity of dividing a broad consumer or business market into sub-groups of consumers or segments, based on some type of shared characteristics.

Micro Variable

A Micro Variable is a specific, individual factor that can influence outcomes within a limited context, often used in analyzing economic, financial, or behavioral trends on a small scale.

Purchasing Approaches

Purchasing approaches are strategies and methodologies that organizations use to acquire goods and services in the most effective manner.

Market Segmentation

The process of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors that might require separate products or marketing strategies.