Consider Three Imaginary Countries

Consider three imaginary countries. In Mainland, saving amounts to $4,000 and consumption amounts to $8,000; in Upland, saving amounts to $2,000 and consumption amounts to $15,000; and in Lowland, saving amounts to $6,000 and consumption amounts to $11,000. The saving rate is

A) higher in Mainland than in Lowland, and it is higher in Lowland than in Upland.
B) higher in Lowland than in Mainland, and it is higher in Mainland than in Upland.
C) higher in Lowland than in Upland, and it is the same in Upland and Mainland.
D) higher in Mainland than in Upland, and it is the same in Mainland and Lowland.

Correct Answer:

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