4. A DVCs population is growing 2 percent per year and output is growing 3 percent per...
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4. A DVC’s population is growing 2 percent per year and output is growing 3 percent per year. If the government wants to improve living standards over coming decades, which of the following would probably be the best savings rate for the economy?
LO42.2
a. 0 percent.
b. 2 percent.
c. 5 percent.
d. 10 percent.
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