The Rate of Saving That Produces the Maximum Level of Consumption

question 112

Multiple Choice

The rate of saving that produces the maximum level of consumption per capita in the long-run steady state is called the:

• A) marvellous rate of saving.
• B) golden rule of saving.
• C) maximum rate of spending.
• D) optimum rate of spending.

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Definitions:

10-year-old

Descriptive of a person or thing that is a decade old, often referring to the age of a child.

8-year-old

Refers to an individual or organism that is eight years of age, a developmental stage often characterized by certain cognitive, emotional, and physical developments in humans.

Gifted

Having exceptional talent or natural ability in one or more areas.

Intelligence

The mental ability to learn from experience, solve problems, and adapt to new situations or environments.