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Other things the same, if a country increased its saving rate, in 40 years or so it would likely have



a. higher productivity, and a higher growth rate of real GDP.

b. higher productivity, but not a higher growth rate of real GDP.

c. the same productivity and growth of real GDP it began with.

d. None of the above is correct.




Expert answered the question
Dear Student,
the answer is:

b:...  View Full Answer