In the Long Run,a Higher Saving Rate

question 59

Multiple Choice

In the long run,a higher saving rate

• A)cannot increase the capital stock.
• B)increases the growth rate of income.
• C)increases the growth rate of productivity.
• D)None of the above is correct.

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Definitions:

Individual Differences

Variations or distinctiveness among individuals in regard to psychological traits, behaviors, and physical attributes.

Intelligence

The capacity to acquire knowledge, comprehend, and form judgments or opinions guided by logical thinking.

Personalities

The unique and relatively stable patterns of thought, emotion, and behavior that define an individual's character.

Life Span

Refers to the maximum duration of life of a species or individual, considering factors that influence longevity.