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Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026 Exercise 1
The following table gives 10 occupations and their average annual wages, as determined by the Bureau of Labor Statistics (these are nationwide averages, across all experience levels).
a) Using Table 17.1, on page 371, identify which quintile an average worker in each occupation would be in, assuming a one-earner household.
b) Suppose a fashion designer married a security guard, and they both kept working. Which quintile would their household be in?
c) Suppose a network administrator married a registered nurse. Which quintile would their household be in (assuming both keep working)?
Reference Table 17.1
a) Using Table 17.1, on page 371, identify which quintile an average worker in each occupation would be in, assuming a one-earner household.
b) Suppose a fashion designer married a security guard, and they both kept working. Which quintile would their household be in?
c) Suppose a network administrator married a registered nurse. Which quintile would their household be in (assuming both keep working)?
Reference Table 17.1
Explanation
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a)Quintile is the 20 percent of higher i...
Economics: The Basics 1st Edition by Mike Mandel
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