Because of Its Extremely Low Savings Rate the U

question 186

Short Answer

Because of its extremely low savings rate the U.S.borrows almost $_____ billion dollars a day from ___________ to finance our federal budget and trade deficits.

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Definitions:

Video Games

Electronic games that involve interaction with a user interface to generate visual feedback on a two- or three-dimensional video display device.

E-books

E-books are digital versions of books, made available on electronic devices, allowing for easy access and portability.

Substitutes

Products or services that can be used in place of each other, where an increase in the price of one leads to an increase in the demand for the other.

Optimal Consumption

The mix of consumer purchases that maximizes the utility or satisfaction obtained from a given expenditure level.