An important factor in determining a country's rate of economic growth is its rate of saving....

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An important factor in determining a country's rate of economic growth is its rate of saving....

An important factor in determining a country's rate of economic growth is its rate of saving. the size of its labor force. the proportion of the adult population that is working. the diversity of its population.

business economics

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Answer 1

Answer #1

Correct option is (a).

The higher (lower) the saving rate, the higher (lower) the capital accumulation, hence the higher (lower) the capital stock and accordingly, the higher (lower) the economic growth rate.

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Answer 2

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