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nikki1992 nikki1992
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A year ago
Scenario: Two countries (A and B) have the same aggregate production function, the same level of technology, the same depreciation rate, and the same level of human capital. However, the saving rate is higher in country A than in country B.


Refer to the scenario above. In the short run, which country must have the higher GDP?

▸ Country A's GDP must be higher than Country B's GDP.

▸ The two countries' GDPs must be equal.

▸ Country B's GDP must be higher than Country A's GDP.

▸ There is no way to determine which country's GDP must be higher from the information given.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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NapoukahNapoukah
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A year ago
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nikki1992 Author
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A year ago
Smart ... Thanks!
jakechambo3
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Yesterday
Correct Slight Smile TY
annabananerz
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2 hours ago
Thanks for your help!!
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