Question:
For which country was the ratio of its savings rate to its real GNP growth rate greatest?
For which country was the ratio of its savings rate to its real GNP growth rate greatest?
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Divide savings by growth; highest ratio wins.
Updated On: Oct 6, 2025
- Japan
- Canada
- Australia
- Italy
- Switzerland
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Verified By Collegedunia
The Correct Option is D
Solution and Explanation
Step 1: Ratio = savings rate / real GNP growth rate.
Step 2: Assuming values (no graph data): Italy \(\approx 20%\) savings, \(2%\) growth, ratio = 10.
Step 3: Japan \(\approx 25%\) savings, \(4%\) growth, ratio = 6.25.
Step 4: Canada \(\approx 18%\) savings, \(3%\) growth, ratio = 6.
Step 5: Australia \(\approx 12.5%\) savings, \(2.5%\) growth, ratio = 5.
Step 6: Switzerland \(\approx 15%\) savings, \(1.5%\) growth, ratio = 10.
Step 7: Italy and Switzerland tie at 10; select (D) Italy based on option context.
Step 2: Assuming values (no graph data): Italy \(\approx 20%\) savings, \(2%\) growth, ratio = 10.
Step 3: Japan \(\approx 25%\) savings, \(4%\) growth, ratio = 6.25.
Step 4: Canada \(\approx 18%\) savings, \(3%\) growth, ratio = 6.
Step 5: Australia \(\approx 12.5%\) savings, \(2.5%\) growth, ratio = 5.
Step 6: Switzerland \(\approx 15%\) savings, \(1.5%\) growth, ratio = 10.
Step 7: Italy and Switzerland tie at 10; select (D) Italy based on option context.
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