Other things equal, according to the Classical growth model, if Malaysia saves more than Thailand, Malaysia should grow faster than Thailand.
Answer the following statement true (T) or false (F)
True
The more an economy saves, the more it can invest in building its productive capacity, which in turn leads to faster economic growth.
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An individual perfectly competitive firm has a supply curve
A) with a positive slope. B) with a negative slope. C) that is parallel to the quantity axis. D) that has a positive slope at lower output levels and a negative slope at higher output levels.
The yardstick most often used to compare living standards is:
a. aggregate demand b. Gross National Product c. output per capital d. international investment
How is real GDP per capita calculated?
a. Divide real GDP by the total population. b. Multiply real GDP by 100. c. Divide real GDP by 100. d. Multiply the real GDP by the total population.
Which of the following states that the country with the higher interest rate should have the higher inflation?
A) the Fisher Effect B) the International Fisher Effect C) the Interest Rate Inflation Theory D) the Forward Rate Theory