Table 19-1 Source: US Census Bureau and Mankiw's Calculations
-Refer to Table

question 93

Short Answer

Table 19-1
$$\begin{array} { | l | l | l | } \hline& \mathbf { 1 9 7 5 } & \mathbf { 2 0 1 1 }\\ \hline \text { Men } & \\\hline \text { High school, no college } & \$ 48,720 &\$46,038 \\\hline \text { College graduates } & \$ 69,146 & \$ 80,508 \\\hline \text { Percent extra for college grads } & + 42 \% & + 75 \% \\\hline & & \\\hline \text { Women } & & \\\hline \text { High school, no college } & \$ 28,006 & \$ 32,249 \\\hline \text { College graduates } & \$ 37,804 & \$ 58,229 \\\hline \text { Percent extra for college grads } & + 35 \% & + 81 \% \\\hline\end{array}$$ Source: US Census Bureau and Mankiw's calculations
-Refer to Table 19-1. In 2011, on average how much more income would a man with a college degree earn than a man with a high school degree?

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Definitions:

Note Collected

Refers to the receipt or collection of the amount due from a note receivable.

NSF Check

A check that has been returned by a bank because of insufficient funds in the account to cover the amount written on the check.

Outstanding Checks

Checks that have been issued and recorded by an entity but have not yet been cashed or cleared by the bank.

Petty Cash Fund

A small amount of cash kept on hand for minor or incidental expenses.