According to a 2008 Survey by PayScale

question 24

Multiple Choice

According to a 2008 survey by PayScale.com, the increase in median pay for economics majors with 10-20 years of experience compared to economics majors with 0-5 years of experience is:

• A)150%
• B)100%
• C)80%
• D)60%
• E)25%

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Definitions:

Correlation Coefficients

Statistical measures that indicate the strength and direction of a linear relationship between two quantitative variables.

Specialized Abilities

Distinct skills or competencies in specific areas of functioning, indicating a higher level of capability in those areas compared to general abilities.

G Factor

The general intelligence factor, considered as a measure of an individual's overall intelligence as opposed to specific abilities.

Positive Intercorrelations

Positive intercorrelations refer to a statistical relationship where increases in one variable are associated with increases in another, indicating a positive link between them.