Take the following as truth: Although national saving as a share of GDP remains below the 1960s average, annual GDP growth in recent years reached levels similar to the 1960s average of 4.2 percent.
Then the following statement: "The decline of our annual GDP has caused our nation to tighten its collective belt, thus increasing our average national savings to a higher level than it was 5 decades ago." is true, false, or inconclusive?