Other Things the Same,if a Country Increased Its Saving Rate,in

question 86

Multiple Choice

Other things the same,if a country increased its saving rate,in 40 years or so it would likely have

• A)higher productivity,and a higher growth rate of real GDP.
• B)higher productivity,but not a higher growth rate of real GDP.
• C)the same productivity and growth of real GDP it began with.
• D)None of the above is correct.

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Definitions:

Adequately

In a manner that is sufficient or satisfactory for a particular purpose.

Performance

In contract law, it refers to the act of doing what is required by a contract.

Novation

The act of replacing an original party in a contract with a new party, with the consent of all involved, effectively creating a new contract.

Previous Valid Obligation

A duty or commitment that has been legally recognized and must be fulfilled as previously agreed or contracted.