Question

Research data finds that over a lifetime, a college education increases income by a factor of

a. double
b. five times
d. ten times
c. three times

Answer 1

A college education can increase income by a factor of three times over a lifetime.

Step-by-step explanation:

A college education can increase income by a factor of three times over a lifetime. This means that someone with a college degree can earn three times as much money as someone without a degree. For example, if a high school graduate earns $40,000 per year, a college graduate in the same field may earn $120,000 per year.

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