Asked by
Adesewa Adesina
on Oct 12, 2024
Verified
The net national savings rate for the United States,compared with that of other industrial nations is
A) much higher.
B) a little higher.
C) lower.
Net National Savings Rate
A measure of the total savings of an economy after taking into account depreciation, expressed as a percentage of Gross National Product (GNP).
Industrial Nations
Countries that are highly developed and have a major portion of their economy based on manufacturing and industry.
- Illustrate how savings rates, investment, and economic expansion are interrelated.
Verified Answer
SA
Learning Objectives
- Illustrate how savings rates, investment, and economic expansion are interrelated.