The Sharp Decline in the Personal Saving Rate of Canadians

Multiple Choice

The sharp decline in the personal saving rate of Canadians since 1991 may be the result of all of the following EXCEPT

A) the stock market boom of the 1990s.
B) major capital gains during the 1990s.
C) significant increases in the wealth (net worth) of many Canadian households.
D) higher consumption out of current income.
E) increases in personal incomes of Canadians.