An increase in the saving rate will not affect which of the following variables in the long run?

A) output per worker
B) the growth rate of output per worker
C) the amount of capital in the economy
D) capital per worker
E) none of the above


B

Economics

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The figure below shows Ava's demand curve for days in the hospital. The marginal cost of an additional day in the hospital is $200.  If Ava had to pay the entire marginal cost of spending a day in the hospital, then she would choose to stay ________ day(s).

A. 0 B. 2 C. 3 D. 1

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On the graph above, output is above planned expenditures at point ________

A) A B) B C) G D) H E) none of the above

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Social Security pension benefits are

A. subject to income taxes for those with certain income levels. B. non-taxable for all retirees. C. subject to state, but not federal, income taxes. D. subject to capital gains taxes.

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Is it possible to have a GDP deflator of less than 100?

A. Yes, it would indicate a year when prices were lower than in the base year. B. Yes, it would indicate a year when output was lower than in the base year. C. No, that is mathematically impossible for the deflator to be less than 100. D. Yes, it would indicate a year when prices were lower than in the previous year.

Economics