Which One of the Following Is TRUE

Which one of the following is TRUE?

A) Saving deters economic growth, because it takes money out of circulation.
B) Saving enables economic growth by providing for investment in the capital stock.
C) International comparisons have found no relationship between the rate of saving and the level of per capita real GDP.
D) Economies with sophisticated credit markets, such as the United States, have no need for saving.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free