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The total weekly earnings of full-time workers in City D with some col
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13 Apr 2023, 01:32
13 Apr 2023, 01:32
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Question Stats:
64% (02:25) correct
35% (02:43) wrong based on 14 sessions
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The total weekly earnings of full-time workers in City D with some college but no degree is $22.5 million. If the wages in each city are consistent with the average weekly earnings in the first graph, what are the total weekly earnings of full-time workers with less than a high school education in City D?
A $500,000
B $1,500,000
C $2,500,000
D $3,000,000
E $4,500,000
Re: The total weekly earnings of full-time workers in City D with some col
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17 Apr 2023, 04:45
17 Apr 2023, 04:45
Expert Reply
OE
If the total weekly earnings of the workers with some college is $22,500,000 and the average weekly earnings of that cohort are $750, then there are 22,500,000/750=30,000 such workers. Refer to the second graph to see that these 30,000 people make up one-quarter of the workforce in City D, so the total workforce there is 4 × 30,000 = 120,000. Full-time workers with less than a high school education are 5% of that total, which is 120,000 × 0.05 = 6,000 people. Since this category of workers earns $500 per week, their total weekly earnings are 6,000 × $500 = $3,000,000. (D) is correct.
If the total weekly earnings of the workers with some college is $22,500,000 and the average weekly earnings of that cohort are $750, then there are 22,500,000/750=30,000 such workers. Refer to the second graph to see that these 30,000 people make up one-quarter of the workforce in City D, so the total workforce there is 4 × 30,000 = 120,000. Full-time workers with less than a high school education are 5% of that total, which is 120,000 × 0.05 = 6,000 people. Since this category of workers earns $500 per week, their total weekly earnings are 6,000 × $500 = $3,000,000. (D) is correct.
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