Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q45: Why the answer is E? These questions refer to the following graph. NATIONAL SAVINGS RATE AND REAL GROSS NATIONAL PRODUCT (GNP) GROWTH RATE FOR

Q45: Why the answer is E?

image text in transcribedimage text in transcribed
These questions refer to the following graph. NATIONAL SAVINGS RATE AND REAL GROSS NATIONAL PRODUCT (GNP) GROWTH RATE FOR SELECTED COUNTRIES 1971-1985 5% + Japan Canada 4% Australia Real Spain GNP 3% Growth United Rate States 2% A Italy O A United 1% Kingdom Switzerland 0XL 0% 5% 10% 15% 20% 25% Savings Rate (total savings as a percent of total personal income)Which of the following statements can be inferred from the graph? I. On the average, people in the United States saved about the Same amount of money as people in the United Kingdom. II. The median of the savings rates for the eight countries was greater than 11 percent. III. Only two of the countries had a higher savings rate than Italy. I only II only 00000 III only I and II II and III 45 @E

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Mathematics questions

Question

6. Identify seven types of hidden histories.

Answered: 1 week ago

Question

What is human nature?

Answered: 1 week ago