The Higher Saving Rate in an Economy Would Result in

question 89

Multiple Choice

The higher saving rate in an economy would result in

• A)the higher economic growth in the long run.
• B)the higher output per capita in the long run.
• C)the higher productivity growth in the long run.
• D)the lower output per capital in the long run.

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Definitions:

Ego Control

The capacity of an individual to regulate their impulses, desires, and potentially disruptive emotions in order to function effectively in social and personal contexts.

Ought Self

The person you think you should be.

Ideal Self

A person's conception of how they would like to be, often serving as a motivation for self-improvement.

Desired Self

Refers to an individual's ideal version of themselves, which they aspire to become or achieve.