As a society the US has one of the lowest savings rates in all of the developed countries. Why do we have such a hard time saving money?

Q: Discuss life expectancy  and the different factors that contribute .  How is the United States…

A: Definition: Life expectancy is a  proportion of the average time an individual is relied on expected…

Q: 12. Calculate per capita income for both countries. Express the answer in thousands.

A: Y=F (K, L) = AK0.3L0.7 12.…

Q: It explains what is the relationship of the financial market with the economic growth of a country.

A: The well developed and swimmingly operated money market plays a significant necessary role within…

Q: How should countries operate relative to their investment opportunities?

A: Introduction Many investors allocate a percentage of their portfolios to international investments.…

Q: If foreign income and wealth decrease, this would most likely a. not affect the market for loanable…

A: If foreign income and wealth decrease, this would most likelya. not affect the market for loanable…

Q: If two economies are identical, except the savings rate in one economy is higher, explain why we…

A: Savings play a huge role at the individual as well as national level. When the rate of savings is…

Q: National savings is

A: In a closed economy, total output(Y) is sum of consumption(C), government expenditure (G) and…

Q: Assume that initially a country has a loanable funds supply curve of S₁. Now, imagine that interest…

A: Demand curve is the downward sloping curve.  Supply curve is the upward sloping curve.  Equilibrium…

Q: In an open economy, why is the supply of loanable funds upward sloping?   a) A higher real interest…

A: In the loanable funds market, the supply of these funds are made by the consumers or households of…

Q: If GDP is $20 trillion, how many years will it take for GDP to increase to $160 trillion if annual…

A: GDP measures the value of goods and services that are produced within the economy in a given year.…

Q: Find a quote below and illustrate the effect of these phenomena on the world market for loanable…

A: The loanable funds market refers to the market where borrowers and lenders come together to exchange…

Q: Explain how higher saving leads to a higher standard of living.

A: In neo classical economics it is assumed that saving is equal to the investment and an economy is at…

Q: What is meant by the cost of living? Describe the cost of living in the state of New Jersey.

A: Cost of living can be explained as the money required for the expenses incurred on the basic…

Q: IS GDP important for economic growth

A: GDP (Gross Domestic Product) is the value of all final goods and services produced in the country…

Q: What happens to the quantity of loanable funds supplied when the interest rate rises? Explain why…

A: Supply of Loanable Fund: The supply of loanable fund encompasses the savings and the credit made by…

Q: impact of digital currency on uk economic growth

A: The digital currencies are an now emerging forms of money which results in a change in the method of…

Q: Complete the following statements. a. Dan saves a portion of his income in an interest-earning…

A: Hey, Thank you for the question. According to our policy we can only answer 3 subparts per question.…

Q: Why do you think most western countries GDP has not grown as fast as China's GDP over the last 10…

A: The gross domestic product (GDP) is a monetary measure of the market value of all final products and…