In: Economics
In the mid-2010's, the net worth of the average white family was how much compared to the average black family?
Three times as much |
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Eight times as much |
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Half as much |
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They are roughly the same. |
The answer is (b) eight times as much
the net worth of an average white household in the mid 2010s was $950000 (approx)
the net worth of an average black household in the mid 2010s was $130000 (approx)
Thus, the net worth of an average white household was roughly 8 times the net worth of an average black household in the mid 2010s