Question

in a particular country, for men born in 1940 the predicted years of receiving retirement benefits is 17.4 for the bottom 10% of income earners versus 29.6 years for the top 10%.
answer parts (a) through (d) below.

a man born in 1940 from the top 10% will receive retirement benefits for 1.70 times as many years as a man from the bottom 10%.
(c) compute the ratio of predicted years of receiving retirement benefits for the bottom 10% to the top 10% and scale the second quantity to 100.
58.8 : 100
(type integers or decimals rounded to one decimal place as needed.)
(d) fill in the blanks.
for every blank blank that a man born in 1940 from the bottom 10% receives from retirement benefits, a man from the top 10% will receive retirement benefits for blank blank

Explanation:

Step1: Analyze the ratio from part (c)

We have the ratio of predicted years of receiving retirement benefits for the bottom 10% to the top 10% as \(58.8:100\). This means for every \(58.8\) years (bottom - 10% income earners), the top - 10% income earners receive \(100\) years.

Answer:

For every \(58.8\) years that a man born in 1940 from the bottom 10% receives from retirement benefits, a man from the top 10% will receive retirement benefits for \(100\) years.