Suppose a Country Were to Increase Its Saving Rate

question 147

Multiple Choice

Suppose a country were to increase its saving rate. In the long run, which of the following would also increase?

• A)its level of income
• B)its growth rate of income
• C)its growth rate of productivity
• D)its growth rate in capital stock

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Definitions:

Mental Processing

The operations performed by the brain to receive, perceive, store, and retrieve information.

Conscious

Conscious refers to the awareness of the self, one's thoughts, feelings, and environment at any given time.

Strong Feelings

Intense emotional responses, which can range from joy, love, and excitement to anger, fear, and sadness.

Relevant Information

Data or facts that are pertinent and useful to the understanding, decision-making, or problem-solving process regarding a specific situation or subject.