Refer to the Following Figure When Answering the Following Questions

question 64

Multiple Choice

Refer to the following figure when answering the following questions.
Figure 5.5: Solow Diagram
-Consider the Solow model exhibited in Figure 5.5. Which of the following is/are true?
i. If 1 denotes Country 1 and 2 denotes Country 2, Country 1 has a higher saving rate.
ii. If 1 denotes Country 1 and 2 denotes Country 2, Country 1 has a lower depreciation rate.
iii. If 1 denotes Country 1 and 2 denotes Country 2, Country 2 has a lower steady state.

• A) i
• B) ii
• C) iii
• D) ii and iii
• E) i, ii, and iii