Question

Based on the information provided in the graph, for which of the following situations could you expect to have the greatest increase in salary?
A graph titled Median Annual Household Income by Educational Attainment of Householder, 1997. Professional degree, 92,228 dollars; doctorate degree, 87,232 dollars; master's degree, 68,115 dollars; Bachelor's degree or more, 63,292 dollars; Bachelor's degree, 59,048 dollars; associate degree, 45,258 dollars; some college, no degree, 40,015 dollars; high school graduate, 33,779 dollars; ninth to twelfth grade, 19,851 dollars; than twelfth grade, 15,541 dollars.
a.
Having a high school diploma and going to college for a year.
b.
Having an associate’s degree and getting a bachelor’s degree.
c.
Having a bachelors degree and getting a master’s degree.
d.
Having a master’s degree and getting a doctorate degree.

Answer 1

Calculate the income increases:

a) High school → some college: 40,015 − 33,779 = 6,236
b) Associate → Bachelor’s: 59,048 − 45,258 = 13,790
c) Bachelor’s → Master’s: 68,115 − 59,048 = 9,067
d) Master’s → Doctorate: 87,232 − 68,115 = 19,117

Greatest increase is d.