Use the Table Below to Answer This Question

question 142

Multiple Choice

Use the table below to answer this question. The data show national savings rates as a percentage of GDP; the growth rate of real GDP per person; and birth rates in 2006.

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If the data support the neoclassical growth theory, we would expect to see

• A) Japan with the highest economic growth rate because the high saving means that more capital is accumulated.
• B) the United States with the highest economic growth rate because a lower savings rate means more income is spent on consumption.
• C) Canada with the highest economic growth rate because it has the highest real GDP per person.
• D) the United States with the highest economic growth rate because it has the highest birth rate.

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Definitions:

Managers

Individuals in an organization responsible for controlling or administering all or part of a company or similar organization, including planning, directing, and overseeing operations and people.

Strategic Plans

Forward-looking plans that outline an organization's goals and define the strategy and actions required to achieve them.

Tactical Plans

Short-term, specific plans created to implement the strategies of an organization, generally focusing on achieving specific goals within a one to three-year period.

Goals Characteristics

The attributes that make goals effective, such as being specific, measurable, attainable, relevant, and time-bound (SMART criteria).