If a Country's Saving Rate Increases,then in the Long Run

question 50

Multiple Choice

If a country's saving rate increases,then in the long run

• A)productivity is higher but real GDP per person is not higher.
• B)real GDP per person is higher but productivity is not higher.
• C)productivity and real GDP per person are both higher.
• D)neither productivity nor real GDP per person is higher.

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Definitions:

Police Power

The capacity of the states to regulate behavior and enforce order within their territory for the betterment of the health, safety, morals, and general welfare of their inhabitants.

Health

The state of being free from illness or injury; a person's mental or physical condition.

Welfare

Government programs designed to support the well-being of the population by providing assistance to individuals and families in need, including financial aid, healthcare, and social services.

Enumerated

Specifically listed, mentioned, or counted, often referring to a detailed list of items, rights, or powers.