A DVCs population is growing 2 percent per year and its output is growing 3 percent per
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A DVC’s population is growing 2 percent per year and its output is growing 3 percent per year. If the government wants to improve living standards over the coming decades, which of the following would probably be the best savings rate for the economy?
a. 0 percent
b. 2 percent
c. 5 percent
d. 10 percent
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Related Book For
Macroeconomics
ISBN: 9781264112456
22nd Edition
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
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