Suppose turkey increases its saving rate. In the long run

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Social Studies

Kylee Sutton

3 July, 13:11

Suppose turkey increases its saving rate. In the long run

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Sienna Cannon · Answer 1

Answer: If Turkey increased its savings rate, in the long run there will be an increase in productivity and real GDP.

Explanation: Over time, if Turkey increased how they save their money, the country as a whole will be more productive and have more money. Real GDP increases when there is little or no inflation/deflation so the economy is doing better off. When the country can save funds without putting them into debt, inflation is less likely to occur.