Household savings rates:
A. were roughly 5% in the United States in 2016.
B. were 10% in the United States in 2016.
C. were fairly constant at about 5 %in the United States from 2000 to 2010.
D. have been roughly 15 % in the United States for the last 30 years or so.
A. were roughly 5% in the United States in 2016.
You might also like to view...
In the Solow growth model, given the values of A, s, n, and d, the economy has an equilibrium growth rate of real GDP equal to
A) s. B) n. C) n + d. D) n - d. E) s - d.
Public goods have at least one of two characteristics. What are the two characteristics?
a. collective consumption; nonexcludability b. individual consumption; nonexcludability c. collective consumption; excludability d. individual consumption; excludability
One of the characteristics of an oligopoly is
A) many sellers. B) easy entry. C) interdependence in decision making. D) the use of patents to protect market share.
Under the old Soviet version of communism in the U.S.S.R., the questions of 'What?', 'How?', and 'For whom?' were answered by
A. a democratically elected congress called the Duma. B. the law of supply and demand. C. the decisions of hundreds of millions of individual consumers. D. a government planning committee.