Take the following as truth: Our simulations using a longterm economic growth model show that, even assuming the United States could maintain national saving constant at its 2000 share of GDP, future incomes would fall short of the rise in living standards enjoyed by prior generations whose income generally doubled every 35 years (see figures
Then the following statement: "Simulations show that future living standards will not be equal to those of the past." is true, false, or inconclusive?
Answer: True