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

question 114

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. What has happened to an assistant professor's salary between 1967 and 1997?

• A) Although the nominal salary increased 4-fold in the 30-year period, real salary increased by only 3.2 times.
• B) The purchasing power of an assistant professor's salary has fallen by about 4.76%.
• C) The purchasing power of an assistant professor's salary has increased by about 5.24%.
• D) The real salary in 1997 is slightly higher than that in 1967.

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Definitions:

Elevated Mood

A state of heightened emotional state, which can be positive, such as feeling more joyful than usual.

Schizophrenia

A mental disorder characterized by disordered thinking, perceptions, and delusions.

Agreeableness

A personality trait characterized by warmth, friendliness, and a tendency towards cooperation and social harmony.