Assuming the current rate of economic growth continues, the average parent of a college student will have a lifetime income ________ that of his or her son or daughter.

Question

Quizplus · Accepted Answer

The question is asking about the lifetime income of the average parent compared to that of their college-aged child. Since the question does not provide specific numbers or data, we must make an assumption based on current trends. It is well-known that income inequality has been increasing in many countries, including the United States. Therefore, it is unlikely that the average parent's lifetime income will be higher than that of their child. Instead, it is reasonable to assume that the child's income will be higher, possibly by as much as half. Therefore, the best choice is B) half.

Assuming the Current Rate of Economic Growth Continues, the Average