Other things the same, the higher the rate of saving and investment in a country, the higher the standard of living will be.

Name: Other things the same, the higher the rate of saving and investment in a country, the higher the standard of living will be.
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Question

Quizplus · Accepted Answer

Savings and investments lead to capital formation, which in turn leads to increased productivity and economic growth. This enhances the overall economy of the country, leading to a higher standard of living.

Other Things the Same, the Higher the Rate of Saving