Countries that have higher saving rates are likely to have
A. A lower investment rate as a percentage of GDP and a lower growth rate of real GDP.
B. A higher investment rate as a percentage of GDP and a lower growth rate of real GDP.
C. A lower investment rate as a percentage of GDP and a higher growth rate of real GDP.
D. A higher investment rate as a percentage of GDP and a higher growth rate of real GDP.
Answer: D
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Diversification is most effective in reducing:
A) market risk B) systemic risk C) idiosyncratic risk D) all forms of risk
If all taxpayers pay the same dollar amount, the tax is termed a:
A. per unit tax. B. proportional tax. C. progressive tax. D. head tax.
An oligopoly with a dominant price leader will produce a level of output
A. between that which would prevail under competition and that which a monopolist would choose in the same industry. B. that would prevail under competition. C. between that which would prevail under competition and that which a monopolistic competitor would choose in the same industry. D. equal to what a monopolist would choose in the same industry.
If nations trade on the basis of comparative advantage
A. a nation can usually gain only it has an absolute advantage. B. all trading partners share equally in the gain. C. all trading partners share in the gain with distribution determined by their negotiating ability. D. a nation with an absolute advantage gains more than the other nations.