How Many Countries in the World Have Failed to Come

question 16

Multiple Choice

How many countries in the world have failed to come up with the rules of the game that lead to sustained economic growth?

• A)none
• B)most
• C)half
• D)one
• E)There is not enough data to answer this question

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Definitions:

Private Saving

The portion of an individual's or entity's income that is not spent on consumption or paid in taxes and is instead saved.

National Saving

The total amount saved within a country in a given time period, typically considered as the sum of private and public savings.

Investment

The practice of apportioning financial resources aimed at generating earnings or profits.

Private Saving

The portion of households' income that is not spent on consumption or taxes, often put aside for future use or investment.