Which of the following statements is FALSE?
A) Average household money income in the U.S. in 2010 was about $50,000.
B) Statistically, years of education is directly related to average household money income.
C) Families headed by a married couple earn more on average than households headed by someone 65 years of age or older.
D) The average income of households headed by a person attaining a bachelor's degree is about equal to the average income for all U.S. households.
Correct Answer:
Verified
Q16: The largest transfer program in the U.S.
Q17: The average income of households:
A) headed by
Q18: Of the following groups, the highest average
Q19: Of the following, the lowest average household
Q20: The average annual money income of households
Q22: The majority of household income is used
Q23: The majority of household income is used
Q24: Generally, the percentage of income taxed and
Q25: The largest percentage of household spending is
Q26: Durable goods:
A) are recycled goods.
B) have a
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