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In 2008,the Average American Earned About $47,000 While the Average

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In 2008,the average American earned about $47,000 while the average Nigerian earned about $1,400.Which of the following statements is likely?


Definitions:

United States

A country located in North America, known for its large economy and diverse population, consisting of 50 states and a federal district.

United States

A country located primarily in North America, consisting of 50 states and a federal district, known for its large economy and diverse population.

Savings Rate

The proportion of disposable income that is saved by an individual or household instead of being spent.

Disposable Incomes

The financial sum available for households to spend and put aside for savings after income tax reductions.

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