Author Question: An increase in private saving (S) can be reflected in A) a reduction in the budget deficit. B) a ... (Read 75 times)

leilurhhh · **on:** Jun 30, 2018

An increase in private saving (S) can be reflected in

A) a reduction in the budget deficit.
B) a reduction in investment.
C) an increase in net exports.
D) all of the above

Question 2

To what extent have the three main facts of growth not held for certain countries? For which countries have they not generally held?

What will be an ideal response?

Cheesycrackers · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

C

Answer to Question 2

There are three main conclusions. First, standards of living have increased significantly since 1950. Second, growth rates of output per capita decreased starting in the mid 1970s. And third, the levels of output per capita have tended to converge over time. These three main conclusions do not apply to many African countries. For example, standards of living have actually decreased for some countries.