Solve
Hat
-In 1995 , the Average Annual Salary for Elementary

question 203

Multiple Choice

Solve.
hat
-In 1995 , the average annual salary for elementary school teachers was $\$ 24,269$ . In 2000 , the average annual salary for elementary school teachers was $\$ 28,148$ . Let $y$ be the average annual salary in the year $x$ , where $x = 0$ represents the year 1995 .
a) Write a linear equation that models the average annual salary for elementary school teachers in terms of year?
b) Use this equation to determine the average annual salary for elementary school teachers in $2006 .$

• A) a) \(y = 770.8 x + 24,269\)
• b) \(\$ 32,747.80\)
• B) a) \(y = 775.8 x + 24,269\)
• b) \(\$ 32,802.80\)
• C) a) \(y = 770.8 x - 24,269\)
• b) \(\$ 32,747.80\)
• D) a) \(y = 775.8 x - 24,269\)
• b) \(\$ 32,802.80\)

---

Definitions:

Expansionary Gap

A situation where the actual output in an economy is higher than the potential output, often leading to inflation.

Potential GDP

The maximum output an economy can achieve when all resources are used efficiently and effectively, without causing inflation.

Cost-Push Inflation

Inflation that occurs when the prices of inputs such as labor and raw materials go up, causing a reduction in the supply of these products.

Expansionary Gap

A condition where an economy's real GDP exceeds its potential GDP, leading to inflationary pressures.