Between 1970 and 2008, household consumption ________ of GDP. Over this period, ________ to about ________ percent of GDP.
A) grew from 63 percent to 70 percent; personal savings rose; 7
B) remained at about two-thirds; personal savings fell; -3
C) shrank as a percentage; personal savings rose; 12
D) grew from 63 percent to 70 percent; household debt rose; 100
E) fell from 66 percent to 63 percent; household debt rose; 70

Question

Quizplus · Accepted Answer

Household consumption grew as a percentage of GDP, and household debt significantly increased, reflecting changes in consumer behavior and financial practices over the period.

Between 1970 and 2008, Household Consumption ________ of GDP