In an economy, the median total household wealth was £218 400 whilst the median total household income was £32 100. Which one of the following can be concluded from the above statement?
1 )
A household with an income of £32 100 would be expected to have wealth of £218 400
2 )
Exactly 50% of the population had wealth higher than £32 100
3 )
The average household income was higher than the average household wealth
The average household wealth was nearly seven times the average household income
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