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D Question 21 7 pts Refer to Scenario 4. What is the expected percent difference in wages between grandchildren? Round your answer to the nearest hundredth. Question 22 7 pts Refer to Scenario 4. What is the expected percent difference in wages between great- grandchildren? Round your answer to the nearest hundredth.D Scenario 4 Suppose two households earn $100,000 and $130,000 respectively. Suppose the intergenerational correlation of earnings is 0.8. D Question 20 7 pts Refer to Scenario 4. What is the expected percent difference in wages between children? Round your answer to the nearest hundredth.D Question 23 7 pts Refer to Scenario 4. What if the intergenerational correlation of earnings was something lower, like 0.5? What would you expect to happen? The expected percent difference in wages in each generation will be the same as when the correlation was 0.8 O The expected percent difference in wages in each generation will be less than when the correlation was 0.8 O This change will cause every generation to have the same expected percent difference in wage. O The expected percent difference in wages in each generation will be greater than when the correlation was 0.8