The Personal Saving Rate Is

question 138

Multiple Choice

The personal saving rate is

• A) the difference between total personal spending and personal saving.
• B) the difference between personal income and disposable personal income.
• C) the ratio of personal income to personal saving.
• D) the percentage of disposable personal income that is saved.

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Definitions:

Diffusion of Responsibility

A phenomenon where individuals in a group are less likely to take action or feel accountable for actions because the responsibility is seen as being distributed among all members of the group.

Riskier Decisions

Choices or actions taken that involve a higher level of uncertainty and potential for negative outcomes compared to alternative options.

Group Members

Individuals who belong to a specific group or team, sharing common goals, tasks, or interests.

Groupthink

A phenomenon where the desire for harmony or conformity within a group results in an irrational or dysfunctional decision-making outcome.