In 2003,the typical Bangladeshi had how many times the income of the typical American a century ago?

Question

Quizplus · Accepted Answer

According to the question, we need to compare the income of a typical Bangladeshi in 2003 with that of a typical American a century ago, which would be around the year 1903. According to historical data, the per capita income of the United States in 1903 was approximately $500, while the per capita income of Bangladesh in 2003 was around $5000. To find the ratio of the two incomes, we divide the income of the Bangladeshi by that of the American: $5000/$500 = 10. This means that the typical Bangladeshi had 10 times the income of the typical American a century ago. Therefore, the answer is B, which is equivalent to 1/10 or 0.1, and not any of the other choices given.

In 2003,the Typical Bangladeshi Had How Many Times the Income