Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 13 (2 points} 111 the long run, which of the following is an effect ofa higher saving rate? 0 People must consume 1e 55
Question 13 (2 points} 111 the long run, which of the following is an effect ofa higher saving rate? 0 People must consume 1e 55 in the future. 0 It leads to higher growth to real GDP. 0 It increases productivity. 0 It decreases the capital Stock. Question 14 (2 points) Which of the following best describes the catch-up effect? O If investment spending is low, increased saving will help investment to "catch up." O Rich countries aid relatively poor countries so as to help them "catch up." O It is easier for a country to grow fast and "catch up" with richer countries if it starts out relatively poor. O Saving will always "catch up" with investment spending
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started