Statement I: If we could raise our savings rate to the level of the Chinese rate,our growth rate would also rise to the level of the Chinese rate.
Statement II: Our economy did not grow between 1985 and 1994.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Question

Janice LittlePerson · Accepted Answer

Final Answer : D, Explanation :  Statement I is false because a higher savings rate does not automatically guarantee a higher growth rate, as growth depends on various factors. Statement II is false because the economy did grow between 1985 and 1994.

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