24. A high-earning CEO or executive can earn:

Question

BlackTom AI · Accepted Answer

High-earning executives frequently make multiples of the typical worker’s pay, so comparing ratios is the key concept. 1) Relevant knowledge points and concepts - Income ratio: how many times larger one income is compared to another (CEO pay / average pay). - Percent increase vs. multiple: "95% more" means 1.95 times; "twenty times" means 20×. - Feasibility: a single individual cannot reasonably collect half of the entire economy’s income. 2) Step-by-step reasoning - Let A represent the average annual income. "More than twenty times the average income" means CEO pay C satisfies C > 20 × A. - Example calculation: if A = $50,000, then 20 × A = $1,000,000. Many high-earning CEOs earn several million to tens of millions, so C could be $5,000,000 (which is 100 × A) or $20,000,000 (400 × A). Both are well above 20 × A, demonstrating the plausibility and commonality of such multiples. - Compare this to the other choices: "95% more than the lowest earners" means C = Lowest × (1 + 0.95) = 1.95 × Lowest, which is a far smaller multiple than 20×. "Half of all the income" would require one person to receive 50% of total national income, a mathematically and economically implausible claim. 3) Intermediate calculations shown - If average income A = $50,000 → 20A = $1,000,000. - CEO at $5,000,000 → ratio = 5,000,000 / 50,000 = 100 (> 20). - 95% more than lowest: if lowest = $20,000 → 1.95 × 20,000 = $39,000 (<< 20 × average in most cases). 4) Why the correct answer is correct - Empirical pay ratios and simple multiplication show high-earning CEOs commonly exceed twenty times the average income; the phrasing matches known multiples and the mathematical definition. 5) Why other options are incorrect - b) 95% more equals only 1.95× the lowest earners — far below 20×. - c) One person earning half of all income is unrealistic and not supported by income distribution data. Conclusion: Therefore the correct answer is a. more than twenty times the average income, which matches the provided answer.

24. A high-earning CEO or executive can earn:单项选择题

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