In 1970, the Typical U

Multiple Choice

In 1970, the typical U.S. household earned about $8,700. In 2012, the typical U.S. household earned about $51,017. If adjusted for inflation, the gross income of the typical U.S. household in 2011 relative to 1970 has __________.

A) increased dramatically
B) increased somewhat
C) remained relatively stable
D) decreased somewhat
E) decreased dramatically