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The experience of Asia from 1960 to the end of the 20th century suggests that higher...

The experience of Asia from 1960 to the end of the 20th century suggests that higher
investment rates

lead to excess capacity and long-term unemployment

can stimulate economic growth until the steady state is reached

reduce the rate of economic growth in the short run and increase it in the long run

are not influence by domestic saving or interest rates

cannot be sustained because they ultimately induce higher depreciation rates
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Answer #1

Option b.

According to IMF, since 1960, Asia being the largest and most populous of the continents, has become richer faster than any other region of the world.

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