How Can the U

question 2

Multiple Choice

How can the U.S.federal government induce increases in the national saving rate?

• A)by lowering the sales tax
• B)by levying taxes on individual retirement (IRA)accounts
• C)by reducing budget deficits
• D)all of the above
• E)none of the above

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Definitions:

Hurricane Katrina

A devastating Category 5 hurricane that struck the Gulf Coast of the United States in August 2005, leading to significant loss of life, widespread destruction, and highlighting issues of government response and disaster preparedness.

Poverty

A state or condition in which an individual or community lacks the financial resources and essentials for a minimum standard of living.

Federal Government

The national government of a federal state, which holds the authority to govern matters that affect the entire country, separate from state or local governments.

American People

The populace of the United States, consisting of individuals from diverse ethnic, cultural, and religious backgrounds.