Complete the following sentence.

The steady state of an economy: Please choose an answer:

a. can be achieved more quickly for an economy that saves more than it invests.

b. is the same for all countries.

c. does not depend on savings.

d. is the level of output at which all investment serves only to replace capital that wears out.

e. None of these answers.

What element affects the financing of the investment?

Please choose an answer:

a. Private savings

b. Government budget surpluses

c. Foreign borrowings

d. Government budget deficits

e. Public savings