View the step-by-step solution to: Other things the same, if a country increased its saving rate, in

Other things the same, if a country incr...
This question was answered on May 15, 2010. View the Answer
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.




Dear Student, the answer is: b: "higher product... View the full answer

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