Recent Data on Consumer Expenditures Indicate That the Savings Rate

question 138

Multiple Choice

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

• A) declined 6 percent; they are taking money from savings to pay current expenses on necessities
• B) remained flat at 0 percent
• C) risen slightly at 2 percent
• D) risen to 6 percent
• E) exploded to 10 percent

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Definitions:

Cheap Land

Land that is available for purchase at a relatively low cost, often enticing settlers and investors to new areas or the frontiers.

Appalachian Mountains

A mountain range in the eastern United States, running from Canada to Alabama, known for its biodiversity and the cultural heritage of its inhabitants.

Andrew Jackson

The seventh President of the United States (1829–1837), known for his populist policies, but also for his role in the Indian Removal Act, which led to the Trail of Tears.