Recent Data on Consumer Expenditures Indicate That the Savings Rate

question 31

Multiple Choice

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

• A)declined by 6 percent.
• B)remained flat at 0 percent.
• C)fluctuated minimally around 2 percent.
• D)risen to 5.8 percent.
• E)exploded to nearly 10 percent.

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Definitions:

Imagination

The ability of the mind to be creative or resourceful, forming new ideas or concepts of external objects not present to the senses.