Asked by
Andrew Teixeira
on Oct 12, 2024
Verified
Compared to China,our rate of savings is _____ and our rate of capital formation is ____.
A) lower;lower
B) higher;higher
C) lower;higher
D) higher;lower
Capital Formation
The process of building up the capital stock of a country through investing in productive plants and equipment.
Rate of Savings
The proportion of disposable income that is saved rather than spent on goods and services.
- Analyze factors influencing savings, investment, and economic growth rates.
Verified Answer
LN
Learning Objectives
- Analyze factors influencing savings, investment, and economic growth rates.