Gross national saving-which reflects resources available both to replace old, worn out capital goods and to expand the capital stock-has rebounded as a share of gross domestic product (GDP) from its low in the 1990s but remains below the level of the 1960s (see figure 2.1).
Capital stock as risen well above levels seen in the 1960s.
mnli hypothesis: Capital stock as risen well above levels seen in the 1960s. premise: Gross national saving-which reflects resources available both to replace old, worn out capital goods and to expand the capital stock-has rebounded as a share of gross domestic product (GDP) from its low in the 1990s but remains below the level of the 1960s (see figure 2.1).