Asked by Eboni Warren on May 30, 2024
Verified
Related to the Economics in Practice on page 4: Economists estimate that over one's lifetime, a college degree holder will earn on average ________ someone with only a high school degree.
A) about 15 percent more than
B) three times as much as
C) almost 70 percent more than
D) 27 percent more than
College Degree
An academic degree conferred by colleges or universities upon students who have completed a course of study or major.
Lifetime Earnings
The total amount of money a person is expected to earn over the course of their career.
- Examine the economic consequences of decisions and investments in education.
Verified Answer
A_
Aydah _ AFGMay 30, 2024
Final Answer :
C
Explanation :
Economists estimate that over one's lifetime, a college degree holder will earn on average almost 70 percent more than someone with only a high school degree. This significant difference highlights the economic value of higher education in terms of lifetime earnings.
Learning Objectives
- Examine the economic consequences of decisions and investments in education.