Other Things the Same,if a Country Raises Its Saving Rate,when

question 145

Multiple Choice

Other things the same,if a country raises its saving rate,when is growth of real GDP per person higher?

• A)as the economy moves toward the long run and in the long run.
• B)as the economy moves toward the long run,but not in the long run.
• C)in the long run,but not as the economy moves toward the long run.
• D)neither as the economy moves toward the long run,nor in the long run.

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Definitions:

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.

Intellectual Property

Legal rights protecting creations of the mind, such as inventions, literary and artistic works, designs, and symbols.

Foreign Company

A company that is incorporated in a country outside of the one in which it conducts a significant portion of its business activities.

Joint Venture

An agreement where multiple parties decide to combine their assets to achieve a particular goal.