Question

The percentage of income that Americans save each year ________. A)is higher than the saving rate...

The percentage of income that Americans save each year ________.

A)is higher than the saving rate of most industrialized countries

B)

is much higher than the percentage the Chinese citizens save

C)

is lower than the saving rate of most industrialized countries

D)

increased by a factor of five every year since the 1970s

E)

none of the above

Homework Answers

Answer #1

US savings (net national savings) rate was around 10.3? in 1970 but after that it declined and now from 1990 to 2005, it's around 5.3?, which is significantly lower than previous years. Over the years the percentage of income that Americans save each year has declined and now it is remarkably low not only by US standards but also by international standards. This savings rate in USA is lower than the savings rate of most industrialized countries.

Answer- option C

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