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Alex Aliyev Is a Primary School Teacher

question 113

Essay

Alex Aliyev is a primary school teacher. When he started working in 2004, he was earning an annual salary of $36,000. In 2011, his salary was $48,000. The consumer price indices for 2004 and 2011 were 108 and 120, respectively.
A) Compute the nominal increase in Alex's salary between 2004 and 2011.
B) Compute the real increase in Alex's salary between 2004 and 2011.
C) Interpret the result.


Definitions:

Stomach Muscles

The muscles associated with the stomach, primarily responsible for the mechanical digestion of food through churning movements, and part of the broader group of muscles in the abdominal region.

Parasympathetic Nervous System

The part of the autonomic nervous system responsible for rest and digestion, reducing the body's fight or flight response.

Pupil Dilation

The expansion of the pupil of the eye, often in response to low light conditions or as an expression of emotion.

Withdrawal Reflex

A spinal reflex that causes immediate withdrawal from a painful or harmful stimulus.

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