Asked by
Wiley Irwin
on Oct 13, 2024
Verified
Which of the following statements is false?
A) In recent years,China has had a rate of savings of 35 to 40 percent.
B) In the last two decades,the U.S.savings rate has not exceeded 11 percent.
C) There was a significant increase in the U.S.savings rate in the mid-1990s.
D) A high rate of consumption for a country implies a low savings rate.
Savings Rate
The proportion of disposable income that individuals or households save rather than spend.
Consumption
The use of goods and services by households, constituting one of the primary components of gross domestic product (GDP).
China
A country in East Asia, the world's most populous nation, with a long history, rich culture, and significant economic influence.
- Grasp the link between the savings ratio and economic circumstances in several countries throughout differing periods.
- Analyze the impact of consumer behavior on saving and consumption patterns.
Verified Answer
AR
Learning Objectives
- Grasp the link between the savings ratio and economic circumstances in several countries throughout differing periods.
- Analyze the impact of consumer behavior on saving and consumption patterns.