Question

Statement 1: Rise in savings(or savings rate) is typically associated with higher growth rates. Statement 2:...

Statement 1: Rise in savings(or savings rate) is typically associated with higher growth rates.

Statement 2: China has a lower growth rate than the USA for the last 5 years.

A

Statement 1 is True, Statement 2 is True.

B

Statement 1 is True, Statement 2 is False.

C

Statement 1 is False, Statement 2 is True.

D

Statement 1 is False, Statement 2 is False.

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Answer #1

Answer.) B Statement 1 is True, Statement 2 is False

Typically, a higher saving rate is associated with - higher investment rates and higher rates of growth.

Also, China is one of the fastest growing countries in the world and its growing faster than USA.

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