Compared to the 1970s and early 1980s, household debt as a share of income in 2007 has
A) increased at a steady rate over time.
B) remained about the same.
C) more than doubled.
D) decreased slowly over time.

Question

Quizplus · Accepted Answer

According to the graph in the text, household debt as a share of income has increased from roughly 50% in the 1970s to over 120% in 2007, more than doubling over that time period.

Compared to the 1970s and Early 1980s, Household Debt as a Share