Business, 05.05.2020 08:11, BeautyxQueen
Assume two economies are identical in every way except that one has a higher saving rate. According to the Solow growth model, in the steady state, the country with the higher saving rate will have level of total output and rate of growth of output than/as the country with the lower saving rate.
A. a higher; the same
B. a higher; a lower
C. a lower; a higher
D. the same; the same
E. a higher; a higher
Answers: 3
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Assume two economies are identical in every way except that one has a higher saving rate. According...
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