Let's test your knowledge. Rank the following from largest to smallest for the average household during the first four months of the year:
- How much take-home pay was boosted by the tax cuts passed late last year
- How much more was spent on gasoline (and motor fuels more generally)
- How much worker compensation increased, which was mostly a result of the strong job market so far this year
The correct answer is: C ($307), A ($199), and B ($116).