Between 1975 and 2011, the wage gap between men with a high school education and

Question

Between 1975 and 2011, the wage gap between men with a high school education and men with a college education increased. In particular, in 2011 men with a college degree earned about a, 75% more than men with a high school education b. 10% more than men with a high school education. C. 25% more than men with a high school education. , d. 90% more than men with a high school education QUESTION 19 10 points Save Answer Table 20-1 The following table shows the distribution of income in Marysville rou Top Quartile (25%) Second Quartile nnual Family Income 90,000 and over 60,000 to $89,999 30,000 to $59,999 Under $30,000 ird Quartile ottom Quartile Refer to Table 20-1. Seventy-five percent of all families have incomes above what level? a. $30,000 b. $60,000 C. $90,000 d. There is insufficient information to answer this question

Explanation / Answer

1. In particular, in 2011 men with a college degree earned about 75% more than men with a high school education. Hence, option(A) is correct.

2. Seventy-five percent of all families have incomes between $(60,000 to 89,999) . Hence, it is above $60,000. Option(B) is correct.

3. An extra dollar of income gives more additional satisfaction to a poor person than to a rich person. This is an important assumption of utilitarianism. Hence, option(C) is correct.

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