In 1970,the typical U.S.household earned about $8,700.In 2011,the typical U.S.household earned about $50,054.If adjusted for inflation,the gross income of the typical U.S.household in 2011 relative to 1970 has __________.
A)increased dramatically
B)increased somewhat
C)remained relatively stable
D)decreased somewhat
E)decreased dramatically

Question

Quizplus · Accepted Answer

When adjusted for inflation, the purchasing power of the typical U.S. household income in 2011 is relatively similar to that in 1970, indicating stability rather than a dramatic increase or decrease.

In 1970,the Typical U