Recent Data on Consumer Expenditures Indicate That the Savings Rate

question 189

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 5.5 percent.
• E)exploded to nearly 10 percent.

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Definitions:

Contrabands

Illicit or prohibited goods typically smuggled to avoid taxation or import/export restrictions.

Federal Government

The national government of the United States, composed of three branches: legislative, executive, and judicial, to govern the country as a whole.

Four-Day Riot

A specific event characterized by violent disturbances or protests that span four consecutive days. Without more context, it could refer to any number of historical incidents.

Emancipation Proclamation

An executive order issued by President Abraham Lincoln on January 1, 1863, declaring the freedom of all enslaved people in Confederate territory during the American Civil War.