Explanations for the High Saving Rate in China Consistent with the Life-Cycle

question 49

Multiple Choice

Explanations for the high saving rate in China consistent with the life-cycle reason for saving include:

• A) China's limited social safety net provides most people with little protection against health problems and medical costs.
• B) few opportunities to borrow funds for education or paying for a house.
• C) the desire to leave resources to children who provide support and attention to parents in their old age.
• D) low unemployment rates in China.

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