Exploring Economics
Exploring Economics
8th Edition
ISBN: 9781544336329
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Suppose there are two countries that are identical with the following exception. The saving rate in country A is greater than the saving rate in country B. Given this information, we know that in the long run A the capital-labor ratio (K/N) will be greater in B than in A. B economic growth will be higher in A than in B. (c) the capital-labor ratio (K/N) will be the same in the two countries. D the capital-labor ratio (K/N) will be greater in A than in B.
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Transcribed Image Text:Suppose there are two countries that are identical with the following exception. The saving rate in country A is greater than the saving rate in country B. Given this information, we know that in the long run A the capital-labor ratio (K/N) will be greater in B than in A. B economic growth will be higher in A than in B. (c) the capital-labor ratio (K/N) will be the same in the two countries. D the capital-labor ratio (K/N) will be greater in A than in B.
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