The Change in Consumption as a Percentage of GDP in the United

question 130

Multiple Choice

The change in consumption as a percentage of GDP in the United States from the mid-1980s to the early 2000s was due in part to households

• A) increasing both saving and borrowing.
• B) reducing saving and increasing borrowing.
• C) reducing both saving and borrowing.
• D) increasing saving and reducing borrowing.

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Definitions:

Critical Thinking

The process of objectively analyzing and evaluating an issue in order to form a judgment.

Social Psychology

Social psychology is the scientific study of how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Other Cultures

Refers to the customs, beliefs, arts, institutions, and all other products of human work and thought characteristic of a community or population that is different from one's own.

African-American

A term used to describe Americans of African descent with ancestry in North America.