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The 15,080 dollars earned at full-time minimum wage was compared with a 2016 public university year costing:
A39,548 dollars
B19,548 dollars
C10,548 dollars
D29,548 dollars
Answer & Solution
Correct answer: B. 19,548 dollars
1. The comparison sets earnings against a single college year.
2. Full-time minimum wage work earns 15,080 dollars before taxes.
3. The College Board estimated the cost of a year of college at a public university.
4. For 2016 that estimate was 19,548 dollars.
5. Minimum wage earnings therefore fell below that figure.
_Source: OpenStax Principles of Microeconomics for AP Courses 2e (CC BY 4.0), Ch 15 'Labor Markets and Income'_
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