Asked by
Colin Lynch
on Dec 17, 2024
Verified
An increase in a country's saving rate permanently raises its productivity.
Saving Rate
The proportion of income that is not spent, but instead saved by individuals, households or the nation as a whole.
Productivity
measures the efficiency of production in terms of the amount of output generated per unit of input, such as labor or capital.
- Perceive the impact that rates of saving and investment have on the economic health of a nation.
Verified Answer
MP
Learning Objectives
- Perceive the impact that rates of saving and investment have on the economic health of a nation.