If we compare the trend in median wage for people with no more than a high-school education to that of people with a bachelor's degree, which of the following best describes median wage trend in the U.S?

a. The median inflation-adjusted wages for people with only a high school education have declined by about 6 percent since 1980, while the median wage of college graduates has risen by 12 percent in the same time period.
b. The median inflation-adjusted wages for college graduates has declined by approximately 25 percent since 1980, while the median wage for people with only a high-school education has remained constant.
c. The median inflation-adjusted wages for college graduates has increased by approximately 150 percent since 1980, while the median wage for people with only a high-school education has increased by only 31 percent.
d. The median inflation-adjusted wages for college graduates has remained constant since 1980, while the median wage for people with only a high-school education has increased by 150 percent.


a

Economics

You might also like to view...

Distinguish between saving and savings. How does investment relate to this distinction, if at all?

What will be an ideal response?

Economics

Compared to consumption, investment is a much ________ component of GDP and is much more ________

A) smaller; volatile B) larger; volatile C) larger; stable D) smaller; stable

Economics

What is economics?

a. study the market changes b. study money c. study how to efficiently allocate scarce resources to maximize societal goals. d. study recession and boom e. study supply and demand

Economics

Explain the concept of sunk costs with an example

Economics