Table 5-6 Shows an Assistant Professor's Salary and the Respective

question 139

Multiple Choice

Table 5-6 shows an assistant professor's salary and the respective price indexes for the years 1967 and 1997. Use the table to answer questions .
Table 5-6

-Refer to Table 5-6. Calculate the real income for an assistant professor in 1967.

• A) $2,381
• B) $9,524
• C) $10,000
• D) $42,000

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