Bruce Steinberg,a Merrill Lynch Economist,takes the View That

Bruce Steinberg,a Merrill Lynch economist,takes the view that

A) in calculating the savings rate,the government consistently overestimates the amount Americans save
B) if realized capital gains were counted as income,the savings rate would be higher
C) if realized capital gains were counted as income,the savings rate would be lower
D) expenses rise to meet income,thus the national savings rate will always be rather low