Question

By the fourth quarter of 2015, U.S. households had accumulated $12.5 trillion in housing equity, which represents about 14 percent of their net worth. What proportion of U.S. households own their home?

a. three-fourths
b. one-half
c. one-third
d. two-thirds

Answer 1

Answer:

correct option is d. two-thirds

Explanation:

given data

accumulated =  $12.5 trillion

net worth = 14 percent

solution

here as per  statistical data of 4th quarter in year 2015,

that required holding is two third of having home.

and Accumulated equity indicate the demand for housing in the country

so here 1 - $\frac{2}{3}$ =  $\frac{1}{3}$ rd left out

it is assumed that they should get home at the beginning of 2015 (in the 1st quarter)

so correct option is  d. two-thirds