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# The downturn in the economy last year has prompted many

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Manager
Joined: 01 Apr 2006
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The downturn in the economy last year has prompted many [#permalink]

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23 Aug 2006, 21:29
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0% (00:00) correct 0% (00:00) wrong based on 2 sessions

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The downturn in the economy last year has prompted many companies to make widely publicized layoffs, resulting in thousands of lost jobs. Economists predicted that these layoffs would cause people generally to cut back on their discretionary spending even if their jobs were secure, in fear of coming hard times. However, this prediction has not come to pass, since there has been no increase in the amount of money set aside by the general public in savings accounts.
The answer to which of the following questions would be most useful in evaluating the significance of the savings patterns described above

A. What business sectors were most affected by the layoffs?

B. What were the savings patterns of the general public before the layoffs?

C. What has been the percent increase in the cost of food, housing, and utilities during the period since the layoffs?

D. What percentage of people laid off have savings accounts?

E. What has been the average salary during the period since the layoffs?

Kudos [?]: 130 [0], given: 0

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Senior Manager
Joined: 14 Aug 2006
Posts: 362

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23 Aug 2006, 21:44
C?

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Senior Manager
Joined: 14 Jul 2005
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23 Aug 2006, 22:10
Going with B here... found this a little difficult

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Current Student
Joined: 29 Jan 2005
Posts: 5206

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23 Aug 2006, 23:21
The central argument is about changes in savings rates, so I`ll take (B) here in under a minute.

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Manager
Joined: 31 Jul 2006
Posts: 233

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24 Aug 2006, 16:35
I'd say B.

Kudos [?]: 93 [0], given: 0

24 Aug 2006, 16:35
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