Carcass wrote:
Attachment:
price.jpg
In 1980, what was the approximate difference between the median sale price of an existing home and the median family income?
(A) $42,000
(B) $45,000
(C) $46,000
(D) $46,500
(E) $47,500
From the graph 1,
the median sale price of an existing home in 1980 = $60,000
the median family income in 1980 = $ 18,000
Therefore the approximate difference between the median sale price of an existing home and the median family income = $60,000 - $18,000 = $42,000
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100% (00:45) correct
