1970,the typical U.S.household earned about $8,700.In 2009,the typical U.S.household earned about $49,777.If adjusted for inflation,the gross income of the typical U.S.household in 2009 relative to 1970 has __________.

Question

Quizplus · Accepted Answer

When adjusted for inflation, the purchasing power of the typical U.S. household income in 2009 compared to 1970 has remained relatively stable, as the increase in nominal income is largely offset by inflation over the period.

1970,the Typical U