8. Suppose country A and country B are identical except that the saving rate in country A is greater than the saving rate in country B. Given this information, we know that in the long run A. the growth rate of output per capita will be greater in B than in A. B. the growth rate of output per capita will be greater in A than in B. C. the capital-labor ratios will be the same in both countries. D. the growth rate of output per capita will be the same in both countries.

8. Suppose country A and country B are identical except that the saving rate in country A is greater than the saving rate in country B. Given this information, we know that in the long run A. the growth rate of output per capita will be greater in B than in A. B. the growth rate of output per capita will be greater in A than in B. C. the capital-labor ratios will be the same in both countries. D. the growth rate of output per capita will be the same in both countries.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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2.
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