Microeconomics
Microeconomics
13th Edition
ISBN: 9781337617406
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 16, Problem 13QP
To determine

Identify the link between the saving and the standard of living. 

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Answer only the second question. What is the result of investments?
Explain how higher saving leads to a higher standard of living.
China currently (2016) has a household saving rate of about 36 %. It has never been below 27 % in the last 30 years. What role do you think this high saving rate has for China’s economic success?
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