Which of the following statements is most correct?
A)The personal savings rate in the United States, which is personal savings as a percentage of disposable personal income, increased from 2.4 percent to 4.6 percent from 2006 to 2009, due largely to the fact that individuals began to save more because of the economic uncertainties created by the financial crisis of 2007-09.
B)The personal savings rate in the United States, which is personal savings as a percentage of disposable personal income, decreased from 4.6 percent to 2.4 percent from 2006 to 2009, due largely to the fact that individuals began to spend more because of the economic realities created by the financial crisis of 2007-09.
C)The personal savings rate in the United States, which is personal savings as a percentage of disposable personal income, increased from 10.1 percent to 20.5 percent from 2006 to 2009, due largely to the fact that individuals began to save more because of the economic uncertainties created by the financial crisis of 2007-09.
D)The personal savings rate in the United States, which is personal savings as a percentage of disposable personal income, declined from 45 percent to 40 percent from 2006 to 2009, due largely to the fact that individuals began to spend more because of the economic realities created by the financial crisis of 2007-09.
E)none of the above.

Question

Quizplus · Accepted Answer

The statement correctly states that the personal savings rate in the United States increased from 2.4 percent to 4.6 percent from 2006 to 2009, which is true. It also correctly attributes this increase to the economic uncertainties created by the financial crisis of 2007-09, which is supported by economic data and analysis. Therefore, statement A is the most correct. Statements B, C, and D contain incorrect information about the personal savings rate during this time period.

Which of the Following Statements Is Most Correct