Question 1
The personal saving rate is
◦ the difference between total personal spending and personal saving.
◦ the difference between personal income and disposable personal income.
◦ the ratio of personal income to personal saving.
◦ the percentage of disposable personal income that is saved.
Question 2
If disposable personal income is $400 billion and personal saving is $8 billion, the personal saving rate is
◦ 1.5%.
◦ 2%.
◦ 5%.
◦ 12%.