Answer :
To calculate the total growth rate in nominal median household income from 1976 to 2016, we need to use the following formula:
Total Growth Rate = ((Ending Income - Starting Income) / Starting Income) x 100
Given that the median household income was $9,113 in 1976 and $52,599 in 2016, we can calculate the total growth rate:
Total Growth Rate = (($52,599 - $9,113) / $9,113) x 100
Total Growth Rate = ($43,486 / $9,113) x 100
Total Growth Rate = 477.3%
Therefore, the total growth rate in nominal median household income from 1976 to 2016 was approximately 477.3%.
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