In the US, the Amount in Savings Contributed to IRAs Rose from Rose

question 48

Multiple Choice

In the U.S., the amount in savings contributed to IRAs rose from $239 billion in 1992 to $3,667 billion by 2005, while overall savings actually dropped from low to lower. Evidence suggests that, in the economy as a whole, increased savings in these retirement accounts:

• A) are the negative result of a change in wage levels and a higher work effort.
• B) the result of personal preferences and intertemporal budget constraints.
• C) are being offset by negative savings or less savings in other kinds of accounts.
• D) the result of a higher interest rates and preferences about present consumption.

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Definitions:

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions for the development, functioning, and reproduction of all known living organisms and many viruses.

Protein

Polymer of amino acids; often consisting of one or more polypeptides and having a complex three-dimensional shape.

Viral RNA Genome

The genetic material of RNA viruses, which consists of ribonucleic acid (RNA) instead of DNA.

Mature Capsid

The protein shell of a virus that encloses its genetic material, fully formed and capable of infecting a host cell.