An education can be the key to higher earnings. In a U.S. Census Bureau study, high...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
An education can be the key to higher earnings. In a U.S. Census Bureau study, high school graduates earned $30,400 per yea Associate's degree graduates averaged $38,200 per year. Bachelor's degree graduates averaged $52,200 per year. a. Assuming a 50-year work-life, calculate the lifetime earnings for a high school graduate, associate's degree graduate, and bachelor's degree graduate. Lifetime Earnings High school graduate Associate's degree graduate Bachelor's degree graduate b. What's the lifetime income difference between a high school and associate's degree? Difference c. What about the lifetime difference between a high school and bachelor's degree? Difference An education can be the key to higher earnings. In a U.S. Census Bureau study, high school graduates earned $30,400 per yea Associate's degree graduates averaged $38,200 per year. Bachelor's degree graduates averaged $52,200 per year. a. Assuming a 50-year work-life, calculate the lifetime earnings for a high school graduate, associate's degree graduate, and bachelor's degree graduate. Lifetime Earnings High school graduate Associate's degree graduate Bachelor's degree graduate b. What's the lifetime income difference between a high school and associate's degree? Difference c. What about the lifetime difference between a high school and bachelor's degree? Difference
Expert Answer:
Answer rating: 100% (QA)
a To calculate the lifetime earnings for a high schoo... View the full answer
Related Book For
Posted Date:
Students also viewed these economics questions
-
In 2009 the average earnings of a high school graduate were $32,272. At $62,394, the average earnings of a recipient of a bachelors degree were about 93% higher. (a) Construct a misleading graph that...
-
The percentage of high school graduates applying to multiple colleges has been increasing over the past several years. According to the National Association for College Admission Counseling, 29% of...
-
The national average for the percentage of high school graduates taking the SAT is 49%, but the state averages vary from a low of 4% to a high of 92%. A random sample of 300 graduating high school...
-
Let U = {1, 2, 3, 4,p, 10} A = {1, 3, 5, 7} B = {3, 7, 9, 10} C = {1, 7, 10} Determine the following. A - B
-
What is the most compelling evidence that mitochondria and chloroplasts represent descendents of symbiotic bacteria that lived inside of ancient eukaryotic cells?
-
Reds Lumber hired a consultant to update its system for reporting the cost of customers. The consultant showed Red an analysis that indicates that customer support costs are significantly higher for...
-
Show the following mathematically: a. Using equation 2.9, show mathematically that Equation 2.53 is correct. b. Using Equations 2.8 and 2.9, show mathematically that Equation 2.54 is correct. c....
-
Alice Guth operates a low-impact aerobics studio. Alice has been in business for three years and has always had her financial statements prepared on a cash basis. This year, Alices accountant has...
-
When fixed costs are $45,000, the variable cost is $5 per unit, and the product sells for $20 per unit. What is the breakeven point ?
-
Current accounting for leases requires that certain leases be capitalized. For capital leases, an asset and the associated liability are recorded. Whether or not the lease is capitalized, the cash...
-
2. The gcc C compiler generates the assembly code blow to the right. Reverse engineer the operation of this code and fill in the missing parts of the C code to the left so that it does the same...
-
What is 4 days to 9 weeks in ratio and rounding decimal place And what is 8 minutes to 2hours in ratio
-
As shown below, a force of 490 N pushes on a 19 kg box. Starting from rest, the box achieves a velocity of 2.1 m/s in a time of 4.7 s. Find the coefficient of kinetic friction between box and floor....
-
Use the following financial statements to answer Questions 1-16. Sales Cost of goods sold Selling & administrative expenses Depreciation Kramerica Industries (KI) 2016 Income Statement Earnings...
-
Evaluate 2f(3)x g(1) if f(x) = 2x and g(x) = 2x - 1.
-
20 18- 16- 14- 12- 10- 8- 6- 4- 2- 0+ 0 10 LRAS ADO SRAS 20 30 40 50 60 70 80 90 100 Real GDP (billions of dollars) End of Chapter A.3 Using the line drawing tool, show on the graph to the right the...
-
Use Michigan Civil Jurisprudence Legal Encyclopedia and find the Section for Animals Running at Large, then find the corresponding West Key numbers Digest for Animals Running at large and find a...
-
Cleaning Service Company's Trial Balance on December 31, 2020 is as follows: Account name Debit Credit Cash 700 Supplies Pre-paid insurance Pre-paid office rent Equipment Accumulated depreciation -...
-
According to a recent National Household Survey (NHS), roughly 15.4 million Canadians commuted to work. Overall, about four out of five Canadian commuters used private vehicles. Specifically, 74.0%...
-
A real estate developer of single-family dwellings across the country is in the process of developing plans for the next several years. An analyst for the company believes that interest rates are...
-
Using the seasonal indexes and trend line, forecast revenues for the next four quarters. The revenues (in $millions) of a chain of ice cream stores are listed for each quarter during the previous 5...
-
In the late 1970s Andreas Jochem, originally from what is now the Republic of Slovenia, migrated to the United States, where he is now a citizen. A man of many talents and deep foresight, he has...
-
What opportunities are there in sales for women and people of color to meet the needs of a diverse marketplace today?
-
Examine a YouTube ad for a new product or service that you have never seen. Evaluate its chances for receiving wide customer acceptance. Does this product require a large amount of personal-selling...
Study smarter with the SolutionInn App