Refer to the Following Figure When Answering the Following Questions

question 6

Multiple Choice

Refer to the following figure when answering the following questions.
Figure 16.4: Personal Saving Rate: 1990-2010
-Consider Figure 16.4. A possible cause for the fall in the saving rate between 1990 and 2005 is:

• A) precautionary saving.
• B) consumption smoothing.
• C) the changing composition of households' savings portfolios.
• D) increasing competition among commercial banks.
• E) less access to credit markets.

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Definitions:

Manufacturing Workers

Individuals employed in the production of goods in factories, performing tasks such as assembling, inspecting, and packing products.

Whites

A term often used to refer to people identified as belonging to a group characterized by light skin pigmentation, typically of European descent.

African Americans

Refers to a group within United States society with roots in the African continent, whose cultural, historical, and societal contributions are integral to the nation's fabric.

Unemployment Rates

The percentage of the labor force that is jobless and actively seeking employment.