Assume two economies are identical in every way except that one has a higher saving rate. According to the Solow growth model, in the steady state, the country with the higher saving rate will have level of total output and rate of growth of output than/as the country with the lower saving rate.
A. a higher; the same
B. a higher; a lower
C. a lower; a higher
D. the same; the same
E. a higher; a higher

In its 2016 annual report, caterpillar inc. reported the following (in millions): 2016 2015 sales $38,537 $47,011 cost of goods sold 28,309 33,546 as a percentage of sales, did caterpillar's gross profit increase or decrease during 2016? select one: a. gross profit increased from 26.8% to 28.6% b. gross profit decreased from 28.6% to 26.5% c. gross profit increased from 71.4% to 73.2% d. gross profit decreased from 73.2% to 71.4% e. there is not enough information to answer the question.

Your take on decision making process

Wyman corporation uses a process costing system. the company manufactured certain goods at a cost of $920 and sold them on credit to percy corporation for $1,315. the complete journal entry to be made by wyman at the time of this sale is: