Why are economic growth and saving related?
What will be an ideal response?
To consume more in the future less must be consumed today. That is, saving is necessary for investment to occur, and investment is necessary for economic growth to occur.
Economics
You might also like to view...
If the current level of GDP exceeds full employment, the level of GDP can be reduced by
A) reducing the money supply. B) lowering interest rates. C) increasing spending. D) reducing taxes.
Economics
Parity prices for agricultural products are based on the relative purchasing power of farm products during the period of:
A. 1910-1914 B. 1929-1939 C. 1941-1945 D. 1960-1970
Economics