Recent data on consumer expenditures indicate that the savings rate of U.S. consumers has
A)declined by 6 percent.
B)remained flat at 0 percent.
C)fluctuated minimally around 2 percent.
D)risen to 5.8 percent.
E)exploded to nearly 10 percent.

Question

Quizplus · Accepted Answer

Recent data shows that the savings rate of U.S. consumers has risen to 5.8 percent, indicating an increase in the amount of money being saved by consumers. Choices A, B, and C are incorrect, as they suggest a decline, flat rate, or minimal fluctuations in the savings rate, which do not align with the latest data. Choice E suggests a much higher savings rate than what has been reported.

Recent Data on Consumer Expenditures Indicate That the Savings Rate