Question

A typical high-income household in 1980 earned $140,397. A similar household in 2009

earned $168,727. What was the relative increase in income for these households from
1980 to 2009? Round to the nearest one percent.

Answer 1

20.2 %

Explanation:

A typical high-income household in 1980 earned $140,397.

A similar household in 2009 earned $168,727.

We need to find the relative increase in income for these households from 1980 to 2009.

It can be calculated as follows :

`\%=(168727-140397)/(140397)* 100\\\\=20.17\%\\\\=20.2\%`

So, the required percent is 20.2%.