Iggie Took a University Teaching Job as an Assistant Professor

question 171

Multiple Choice

Iggie took a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2003, she had been promoted to full professor, with a salary of $50,000. If the price index was 50 in 1974 and 180 in 2003, then what is Iggie's 1974 salary in 2003 dollars?

• A)$2,777.78
• B)$18,000
• C)$26,000
• D)$36,000

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Definitions:

Vampire Bats

Species of bats known for their unique feeding habit of consuming blood from other animals.

Communal Roost

A shared resting or sleeping location used by a group of animals, typically for protection and social purposes.

Reciprocity

A social interaction principle where an action is repaid with a corresponding one, beneficial in the formation and maintenance of social bonds.

Ophiocordyceps

A genus of fungi known for parasitizing insects and other arthropods, causing altered behaviors that benefit the fungus's dissemination.