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husne husne
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5 years ago
Use the table below to answer this question. The data show national savings rates as a percentage of GDP; the growth rate of real GDP per person; and birth rates in 2006.

CountryNational Saving
(% of GDP)Growth rate of real GDP
per personBirth Rate
Japan281.69.96
Canada242.611.4
Germany231.99.35
U.S.141.914.2
www.econstats.com; www.os-connect.com

If the data support the neoclassical growth theory, we would expect to see
A) Japan with the highest economic growth rate because the high saving means that more capital is accumulated.
B) the United States with the highest economic growth rate because a lower savings rate means more income is spent on consumption.
C) Canada with the highest economic growth rate because it has the highest real GDP per person.
D) the United States with the highest economic growth rate because it has the highest birth rate.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
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lulu123lulu123
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5 years ago
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