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A society which forgoes present consumption

A society which forgoes present consumption
  • A.
    is forced to do so because of excessive consumption within the country in the past
  • B.
    is devoting new resources to new capital formation
  • C.
    is merely devoting resources to the replacement of capital
  • D.
    expects to consume only that amount tomorow which was forgone today
Correct Answer: Option B
Explanation