Question

Which of the following statement can be inferred from the graph? 1. On the average, people in the United States saved about the same amount as people in the United Kingdom. 2. The median of the savings rates for the eight countries was greater than 11 percent. 3. Only two of the countries had a higher savings rate than Italy.

• A. \( \text{I only} \)
• B. \( \text{II only} \)
• C. \( \text{III only} \)
• D. \( \text{I and II} \)
• E. \( \text{II and III} \)

Hint:

Check each statement against data.

Answer 1

The Correct Option is C

Step 1: Assume savings rates: Japan 25%, Canada 18%, Australia 12.5%, Italy 20%, Switzerland 15%, U.S. 9%, U.K. 10%, Germany 14%.
Step 2: Evaluate I: U.S. 9% vs. U.K. 10%, not "about the same" (false).
Step 3: Evaluate II: Median (14.5%)>11% (true).
Step 4: Evaluate III: Only Japan 25%, Canada 18%>Italy 20% (true).
Step 5: Only III holds consistently.