The Econ4U Wages/Benefits Quiz

In 1939, 85 percent of low-wage employees lived in a poor household. How many low-wage employees live in poverty now?

17%
35%
47%
77%
Please select an answer.

An individual family health insurance plan in New Jersey will cost how much per year?

$2,000
$18,000
$16,000
$20,000
Please select an answer.

Between 2000 and 2005 price inflation was 13%. How much did healthcare prices rise over this period?

13%
18%
24%
30%
Please select an answer.

Between 1987 and 2006 manufacturing productivity in the U.S. increased by 100%. How much did productivity in full-service restaurants increase over this time period?

18%
28%
95%
115%
Please select an answer.

What percentage of Americans without health insurance work in businesses with fewer than 100 employees?

11%
38%
49%
63%
Please select an answer.

An individual in Pennsylvania will pay about $2,000 per year for health insurance. If that person moves to neighboring New Jersey, how much will it cost for similar coverage?

$1,000
$1,600
$4,000
$6,000
Please select an answer.

How much does the average employer pay for family health coverage for each employee each year?

$2,800
$5,200
$8,900
$10,600
Please select an answer.

The average household income of a minimum-wage employee is:

$10,500
$21,700
$34,900
$46,800
Please select an answer.

What percentage of a typical company’s payroll is made up of benefits (such as healthcare) rather than wages and salaries?

9%
18%
31%
41%
Please select an answer.

From 1990 to 2005, average personal income:

Increased by 34%
Increased by 78%
Stayed the same
Declined by 9%
Please select an answer.

Which of the following government agencies insures against losses in the stock market?

Securities and Exchange Commission
Federal Deposit Insurance Corporation
Federal Reserve
None of the above
Please select an answer.