Recent Data on Consumer Expenditures Indicate That the Savings Rate

question 111

Multiple Choice

Recent data on consumer expenditures indicate that the savings rate of U.S. consumers has

• A) declined to 13 percent.
• B) remained flat at 0.5 percent.
• C) fluctuated minimally around 2 percent.
• D) risen to 7.5 percent.
• E) exploded to nearly 10 percent.

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Definitions:

Ejecta

Material that is expelled or thrown out, especially as a result of volcanic eruption, meteorite impact, or other explosive events.

Sedimentary

Pertaining to rocks formed by the accumulation or deposition of mineral or organic particles at the Earth's surface, followed by compaction.

Sandstone

A sedimentary rock composed mainly of sand-sized minerals or rock grains.

Shale

A fine-grained sedimentary rock that can contain significant amounts of oil and natural gas.