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

question 140

Multiple Choice

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

• A)long life expectancies and large down payments required for home purchases.
• B)lifetime employment.
• C)the desire to leave resources to children who provide support and attention to parents in their old age.
• D)low unemployment rates in Japan.

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Definitions:

Interpretation

The process of explaining the meaning of something or understanding something in a specific way.

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A process involving the lowering of temperature to below 0°C, used in various contexts such as food preservation or climate patterns.