For This Question,assume That a Country Experiences a Permanent Reduction

question 47

Multiple Choice

For this question,assume that a country experiences a permanent reduction in its saving rate.Which of the following will occur as a result of this reduction in the saving rate?

• A)a permanently slower growth rate of output
• B)no permanent effect on the level of output per capita
• C)a permanently lower level of output per worker
• D)both A and B
• E) both B and C

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Definitions:

Divorced

The legal termination of a marriage by a court or other competent body, ending the marital relationship and dissolving the bonds of matrimony between the parties.

Separated

Describes a state in which two or more entities are not connected or together.

Modern Western Society

Refers to contemporary societies in Western regions of the world, characterized by democratic political systems, industrialization, and a focus on individual rights and freedoms.

Cohabitation

The act of living together and having a sexual relationship without being married.