Multiple Choice
Which of the following statements best describes income inequality in the United States?
38
views
16. Income Inequality and Poverty
Income Inequality in the USA and Worldwide
Struggling with Microeconomics?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
The income gap between high school and college graduates in the USA averages about _____ per year.
A
\$20,000
B
\$50,000
C
\$5,000
D
\$10,000
Verified step by step guidance1
Understand that the problem is asking about the average income gap between high school and college graduates in the USA, which is a factual economic statistic rather than a calculation problem.
Recall that the income gap refers to the difference in average annual earnings between individuals with a college degree and those with only a high school diploma.
Recognize that this gap is often cited in economic studies and labor market analyses to highlight the economic benefits of higher education.
Review reliable sources or economic reports that provide data on average earnings by education level to identify the typical income difference.
Conclude that among the given options, the commonly reported average income gap is \$20,000 per year, reflecting the additional earnings advantage of college graduates over high school graduates.
1:37mWatch next
Master Income Inequality in the USA and Worldwide with a bite sized video explanation from Brian
Start learningRelated Videos
Related Practice
Income Inequality in the USA and Worldwide practice set
Problem sets built by lead tutorsExpert video explanations