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What Is Meant by the Savings Rate,and What Is the History

question 80

Essay

What is meant by the savings rate,and what is the history of the savings rate in the United States over the last 50 years or so? Sketch a graph to illustrate.


Definitions:

Form 1065

An IRS tax form used by partnerships in the United States to report their income, gains, losses, deductions, and credits to the IRS.

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Form 1120S

A U.S. tax form used by S corporations to report their income, losses, dividends, and other financial information to the IRS.

Service Company

A business that earns revenue through providing services as opposed to selling physical goods.

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