Savings and wealth - Although the United States is one of the richest nations in the world, it is also one of the world's largest debtor nation. We often hear that the problem is our low savings rate. Suppose policy makers attempt to rectify this be encouraging greater savings in the economy. What could they do to make you save more? Would raising minimum wage help? What effects would their successful attempts have on GDP? Is this a good or bad idea? What can you do to increase your savings rate? Also, how is wealth related to savings?

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A:

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Q: How Real GDP is measured? Explain Real GDP of the United States at present time.

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A:

Q: 24. What is the GDP of country X? 25. What is the per capita GDP of Country X?

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