0 10 20 30 40 50 REFR 37. Assuming robots represents capital goods and beer consumer goods, and the growth path of country 1 is from point (a) to (b) to (c), while country 2 goes from points (d) to (e) to (f), what can you conclude about these countries? O a) Country 1 has a higher savings rate Ob) Country 2 starts out with a higher standard of living O c) Country 2 has a higher rate of growth O d) Both (a) and (b) are correct Oe) None of the above

0 10 20 30 40 50 REFR 37. Assuming robots represents capital goods and beer consumer goods, and the growth path of country 1 is from point (a) to (b) to (c), while country 2 goes from points (d) to (e) to (f), what can you conclude about these countries? O a) Country 1 has a higher savings rate Ob) Country 2 starts out with a higher standard of living O c) Country 2 has a higher rate of growth O d) Both (a) and (b) are correct Oe) None of the above

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter23: Growth And Less Developed Countries

Section: Chapter Questions

Problem 12SQ

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31. Assuming robots represents capital goods and beer consumer goods, and the growth path of country 1 is from point (a) to (b) to (c), while country 2 goes from points (d) to (e) to (f), what can you conclude about these countries? a) Country 1 has a higher savings rate b) Country 2 starts out with a higher standard of living c) Country 2 has a higher rate of growth d) Both (a) and (b) are correct e) None of the above
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