Examlex
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.
Time Currency
A concept where units of time are used as currency, often in systems of barter or trade for services where traditional money is not used.
Technological Control
The use of technology to monitor and control the production and distribution of products and services.
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Identification cards or badges used to verify a person’s authorization to enter a secured area or access certain resources.
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In the digital context, a gesture or action used to interact with touchscreens by moving a finger or hand across the surface.
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