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Saving Rate (2017) Country (Percent) Switzerland 18.5 Sweden 16.6 Luxembourg 13.6 South Korea 8.9 United States 3.7 Japan 2.7 Italy 1.7 a. If a Swiss

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Saving Rate (2017) Country (Percent) Switzerland 18.5 Sweden 16.6 Luxembourg 13.6 South Korea 8.9 United States 3.7 Japan 2.7 Italy 1.7 a. If a Swiss and an American both had $100, how many more dollars would the ices Swiss save in 2017? + b. Why are higher saving rates desirable? Higher savings lead to investment and economic growth

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