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.

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Definitions:

Emotion

A complex state of feeling that results in physical and psychological changes and influences thought and behavior.

Social Cognition

The study of how people process, store, and apply information about others and social situations, including how they interpret, analyze, remember, and use information in social interactions.

Motivations

The forces or factors that drive individuals to take action towards achieving goals.

Emotional States

Temporary feelings or moods that can influence an individual's perceptions, cognition, and behavior.