Assume that a country is growing at 5 per year now the, Ask an Expert

Economics

Assume that a country is growing at 5% per year. Now the saving rate decreases leadingto a new lower growth rate of 3.3% per year. How will the change in standard of living over time be impacted by this change in the saving rate and therefore the growth rate?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91870059

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