Asked by
Joel Ismael Gonzalez
on Oct 13, 2024Verified
In the 1990s,our savings rate was _____________ than in the 1980s.
A) substantially higher
B) slightly higher
C) slightly lower
D) substantially lower
Savings Rate
The proportion of disposable income that is saved rather than spent by individuals or households.
1990s
The 1990s, a decade spanning from 1990 to 1999, was characterized by significant global events, technological advancements, and cultural shifts.
1980s
A decade characterized by major economic, political, and technological changes around the world, including the acceleration of the digital revolution and the end phase of the Cold War.
- Understand the relationship between savings rate and economic conditions across different countries and time periods.
Verified Answer
GP
Learning Objectives
- Understand the relationship between savings rate and economic conditions across different countries and time periods.