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.

• 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:

Multiphase

Pertaining to a process or system that involves several distinct stages or phases.

Queuing Situation

A scenario where entities wait in line for a service or resource, leading to analysis for efficient management of waiting times and service processes.

Arrival Behavior

The pattern or characteristics of entities (such as people, vehicles, or data packets) arriving at a service system or facility, crucial for designing service processes and managing queues.

Renege

The act of withdrawing from an agreement, commitment, or duty, often leading to a breach of contract.