Question: Which one is true? Question 3 options: Saving doesn't determine capital accumulation in the long run. Output determines taxes. US saving rate is higher than

Which one is true?
Question 3 options:
Saving doesn't determine capital accumulation in the long run.
Output determines taxes.
US saving rate is higher than that in Japan.
Germany and Japan show almost equal rate of saving.
Capital determines output.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!