Which of the following statements is true?

A) Savings was negative for the United States in 2005
B) In the last two decades,the U.S.savings rate has not exceeded 11 percent
C) There was a significant decline in the U.S.savings rate since the mid-1980s
D) A high rate of consumption for a country implies a low savings rate
E) All of the statements are true

Question

Kai-Shawn Mallory · Accepted Answer

Final Answer : E, Explanation :  All the statements provided reflect accurate trends or observations regarding the U.S. savings rate and its relationship with consumption. Savings being negative in 2005, not exceeding 11 percent in the last two decades, a significant decline since the mid-1980s, and the inverse relationship between a high rate of consumption and savings rate are all factual or logically sound statements based on economic principles and historical data.

Definitions

Learning Objectives

Learning Objectives

Related questions