Solved

The Following Diagram Shows the Movement of U a=26.5a = 26.5

Question 15

Multiple Choice

The following diagram shows the movement of U.S. households among three income groups - affluent, middle class, and poor - over the 11-year period 1982-1993. Assuming that the trend shown was to continue, what percent of households classified as affluent in 1982 were predicted to become poor in 2004 (Give your answer to the nearest .) According to the model, what percentage of all U.S. households will be in each income bracket in the long term (Give your answer to the nearest percent.)  The following diagram shows the movement of U.S. households among three income groups - affluent, middle class, and poor - over the 11-year period 1982-1993. Assuming that the trend shown was to continue, what percent of households classified as affluent in 1982 were predicted to become poor in 2004  (Give your answer to the nearest .)  According to the model, what percentage of all U.S. households will be in each income bracket in the long term  (Give your answer to the nearest percent.)       a = 26.5  ,  b = 7.8  ,  c = 8.1  ,  d = 31.2      A) 0.3% of households classified as affluent in 1982 were predicted to become poor in 2004. In the long term: Affluent: 22.7%; Middle class: 36.3%; Poor: 41.1%   B)  0% of households classified as affluent in 1982 were predicted to become poor in 2004. In the long term: Affluent: 26.5%; Middle class: 8.1%; Poor: 65.4%   C)  0% of households classified as affluent in 1982 were predicted to become poor in 2004. In the long term: Affluent: 18.9%; Middle class: 64.4%; Poor: 16.7%   D)  0.3% of households classified as affluent in 1982 were predicted to become poor in 2004. In the long term: Affluent: 26.5%; Middle class: 8.1% ; Poor: 65.4%   E)  2.1% of households classified as affluent in 1982 were predicted to become poor in 2004. In the long term: Affluent: 26.5%; Middle class: 8.1%; Poor: 65.4%   a=26.5a = 26.5 , b=7.8b = 7.8 , c=8.1c = 8.1 , d=31.2d = 31.2


A) 0.3% of households classified as affluent in 1982 were predicted to become poor in 2004. In the long term: Affluent: 22.7%; Middle class: 36.3%; Poor: 41.1%

B) 0% of households classified as affluent in 1982 were predicted to become poor in 2004.
In the long term: Affluent: 26.5%; Middle class: 8.1%; Poor: 65.4%

C) 0% of households classified as affluent in 1982 were predicted to become poor in 2004.
In the long term: Affluent: 18.9%; Middle class: 64.4%; Poor: 16.7%

D) 0.3% of households classified as affluent in 1982 were predicted to become poor in 2004.
In the long term: Affluent: 26.5%; Middle class: 8.1% ; Poor: 65.4%

E) 2.1% of households classified as affluent in 1982 were predicted to become poor in 2004.
In the long term: Affluent: 26.5%; Middle class: 8.1%; Poor: 65.4%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents