Final answer:
Geology majors from The University of North Carolina in the graduating class of 1985 have an average yearly income that is over $1 million due to the wide variety of high-paying career options in the field, the higher earning potential of geologists with higher education, and the demand for geologists in certain industries.
Step-by-step explanation:
Geology majors from The University of North Carolina in the graduating class of 1985 have an average yearly income that is over $1 million. This can be attributed to several factors:
- Geology is a field that offers a wide variety of high-paying career options. Geologists can work in industries such as oil and gas, mining, environmental consulting, and research.
- Geologists with higher education, such as a bachelor's or master's degree, have higher earning potential compared to those with only a high school education. The value of a bachelor's degree can be estimated to be nearly $1 million in additional lifetime earnings compared to a high school graduate.
- The demand for geologists in certain industries can drive up their salaries. For example, the oil and gas industry often pays geologists high salaries due to the specialized skills and knowledge they possess.
Overall, the combination of a geology degree, higher education, and the demand for geologists in certain industries contribute to the higher average yearly income of Geology majors from The University of North Carolina in the graduating class of 1985.