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, remained unchanged at 2.4 percent from 2006 to 2009, due largely the economic stability during the period.
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 personal savings rate in the United States actually increased during the financial crisis of 2007-09 as individuals became more cautious with their spending due to economic uncertainties. None of the provided statements accurately reflect this trend.

Which of the Following Statements Is Most Correct