Business, 12.03.2020 23:00 haily13

Households in China save 40 percent of their annual incomes each year, whereas U. S. households save less than 5 percent. At the same time, production possibilities are growing at roughly 9 percent per year in China but only about 3.5 percent in the United States. Use the graphical analysis of "present goods" versus "future goods" to explain the difference between China's growth rate and the U. S. growth rate.

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