Multiple Choice
Real GDP per person is $10,000 in Country A,$20,000 in Country B,and $30,000 in Country C.The saving rate increases by the same rate in all three countries.Other things equal,we would expect that
A) all three countries will grow at the same rate.
B) Country A will grow the fastest.
C) Country B will grow the fastest.
D) Country C will grow the fastest.
Correct Answer:

Verified
Correct Answer:
Verified
Q31: According to studies using international data,an increase
Q32: The Economic Development Minister of a country
Q33: Country A and country B are the
Q34: Investment in<br>A)physical capital,unlike investment in human capital,has
Q35: Other things the same,an increase in population
Q37: If a country were to increase its
Q38: Some poor countries appear to be falling
Q39: According to research by Robert Fogel,people in
Q40: If a country increases its saving rate,which
Q41: On a production function,as capital per worker