If your average earnings were $30,000 per year and you receive $20,000 per year in disability benefits after an accident, what is the replacement rate (rate of partial insurance)? Group of answer choices 16.67% 22.22% 33.33% 66.67%

If your average earnings were $30,000 per year and you receive $20,000 per year in disability benefits after an accident, what is the replacement rate (rate of partial insurance)? Group of answer choices 16.67% 22.22% 33.33% 66.67%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If your average earnings were $30,000 per year and you receive $20,000 per year in disability benefits after an accident, what is the replacement rate (rate of partial insurance)?

Group of answer choices

16.67%

22.22%

33.33%

66.67%

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