Suppose Turkey Increases Its Saving Rate

question 120

Multiple Choice

Suppose Turkey increases its saving rate.In the long run

• A)the growth rates of productivity and real GDP per person increase.
• B)productivity and real GDP per person increase.
• C)the growth rate of productivity increases,and real GDP per person increases.
• D)productivity increases,and the growth rate of real GDP per person increases.

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Definitions:

Chronological Age

The actual age of an individual measured in years from the date of birth.

Mental Set

A frame of mind involving an established way of thinking, which can sometimes inhibit the ability to solve new problems.

Hierarchies

A system of organization where entities are ranked one above the other based on their status or authority.

Cognitive Maps

Mental representations of physical locations, helping an individual to navigate and understand spatial environments.