Assume Two Economies Are Identical in Every Way Except That

question 11

Multiple Choice

Assume two economies are identical in every way except that one has a higher saving rate. According to the Solow growth model, in the steady state, the country with the higher saving rate will have ________ level of total output and ________ rate of growth of output than/as the country with the lower saving rate.

• A) a higher; a higher
• B) a higher; the same
• C) a lower; a higher
• D) a higher; a lower
• E) the same; the same

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Definitions:

Chordae Tendineae

Strong, fibrous strings attached to the heart's ventricular walls and the cusps of the atrioventricular valves, playing a crucial role in heart function.

Papillary Muscles

Muscular projections in the heart ventricles that attach to the cusps of the atrioventricular valves via the chordae tendineae, playing a role in valve function.

Left Ventricle

The chamber of the heart that receives oxygenated blood from the left atrium and pumps it out through the aorta to circulate oxygen-rich blood throughout the body.

Aorta

The largest artery in the body, which carries oxygen-rich blood from the left ventricle of the heart to various parts of the body.