Asked by Nahin Muntasir on May 18, 2024
Verified
Because of its extremely low savings rate the U.S.borrows almost $_____ billion dollars a day from ___________ to finance our federal budget and trade deficits.
Savings Rate
The savings rate is a measure of the proportion of disposable income that households save rather than spend on consumption.
- Understand the development of the United States' savings rate and its effects on the economic landscape.
- Assess the significance of savings and foreign investment in supporting financial activities within the U.S. economy.
Verified Answer
AN
Learning Objectives
- Understand the development of the United States' savings rate and its effects on the economic landscape.
- Assess the significance of savings and foreign investment in supporting financial activities within the U.S. economy.