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
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

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

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What do you think about this article? Are you surprised? Are you now considering your own...
What do you think about this article? Are you surprised? Are you now considering your own savings?When it comes to saving, behavior varies widely among nations. Residents of the United States only save 5.8%. But the residents of 10 countries save more than 9% of their disposable incomes. Economists are uncertain why these countries residents save so much more than others. 24/7 Wall St. has analyzed the 10 countries to try to gain insight into the matter. We reviewed personal...
Question 25 State sales taxes tend to be regressive in that higher income-people save and invest...
Question 25 State sales taxes tend to be regressive in that higher income-people save and invest rather than consuming all their income like lower-income people, so they pay a lower portion of their income on sales taxes which are consumption based. To offset this regressivity, most state sales tax rules do what? Base sales tax rate on the level of income of the purchaser. Rebate excess sales taxes paid to low income taxpayers on application. Exempt certain necessities that all...
1. An income tax is a tax that the government imposes on income generated by businesses...
1. An income tax is a tax that the government imposes on income generated by businesses and individuals to raise governmental funds. By law, taxpayers must file an income tax return annually to determine their tax obligations. Income taxes are a source of revenue for governments. They are used for the funding of public services, to pay government obligations, and to provide goods for citizens. The U.S., like most countries, employs a progressive income tax system in which higher-income earners...
The concept of discount rate. Hey guys, I have a question regarding the discount rate. So,...
The concept of discount rate. Hey guys, I have a question regarding the discount rate. So, if, for example, someone is saving their money in a saving account that pays EITHER 4% or 10% - then obviously the 10% will be preferable because the future value will be greater, right? Let's say he/she saves $100. In one year they'll have $110 if they save it at a 10% return or $104 if they save it at a 4% return. Now,...
You are saving for retirement. To live comfortably, you decide you will need to save $2,000,000...
You are saving for retirement. To live comfortably, you decide you will need to save $2,000,000 by the time you are 65. Today is your 30th birthday and you decide, starting today and continuing on every birthday up to and including your 64th birthday, that you will put the same amount into a savings account. If the interest rate is 5%, how much must you set aside each year to make sure you will have $2,000,000 in the account on...
(a) Oil prices have fallen by about a third since December of last year. Is this...
(a) Oil prices have fallen by about a third since December of last year. Is this a positive or a negative aggregate supply shock for China, a net importer of oil? Use the labor market and the production function to predict the effects of lower oil prices on employment, output, and the real wage in China. (b) Because of a decrease in the working-age population, Chinese labor force is now shrinking (The Economist, Feb 23, 2019). How does this change...
1. In the current year, Norris Corporation, has a $50,000 of ordinary business income, and a...
1. In the current year, Norris Corporation, has a $50,000 of ordinary business income, and a Net Long Term Capital Loss (NLTCL) of $4,800. Norris had no previous capital gains or losses. How much of the capital loss may Norris Corporation deduct in the current year? a. $0 b. $3,000 c. $4,800 d. None of the above [Answer: _______] 2. Blue Devil LLC purchased a rental house and land during the current year for $150,000. The purchase price was allocated...
QUESTION 1 According to Malthus, exogenous increases in income would result in: People marrying for the...
QUESTION 1 According to Malthus, exogenous increases in income would result in: People marrying for the first time at younger ages. Lower mortality. People postponing when they first get married. Increase their use of contraceptives to achieve lower family size. QUESTION 2 According to the Malthusian model an improvement in technology that shifts out the production function will permanently raise income per capita. will not raise income per capita in the long-run. will result in increased population growth (at least...
QUESTION 1 According to Malthus, exogenous increases in income would result in: People marrying for the...
QUESTION 1 According to Malthus, exogenous increases in income would result in: People marrying for the first time at younger ages. Lower mortality. People postponing when they first get married. Increase their use of contraceptives to achieve lower family size. 5.00000 points    QUESTION 2 According to the Malthusian model an improvement in technology that shifts out the production function will permanently raise income per capita. will not raise income per capita in the long-run. will result in increased population...
1. The income share of the top 1%in the United States from 2005 to 2012 was:...
1. The income share of the top 1%in the United States from 2005 to 2012 was: Substantially higher than at any time in the previous 90 years Less than the peak levels reached during the Reagan administration (1982-1988)        Similar to the peak levels reached in the years just prior to the Great Depression (1925-1929) Reduced slightly from the average level attained during the Clinton administration       (1993-2000) 2. What happened to the gap between productivity and hourly compensation between 1948 and 2015?...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT