Examlex

Solved

Iggie Took a University Teaching Job as an Assistant Professor

question 48

Multiple Choice

Iggie took a university teaching job as an assistant professor in 1980 at a salary of $15,000.By 2011,she had been promoted to full professor,with a salary of $70,000.If the price index was 82 in 1980 and 225 in 2011,then what is Iggie's 1980 salary in 2011 dollars?


Definitions:

Negative Growth

A decline in the economic productivity or output of an entity over time.

Inverted U-Curve

A graphical representation showing a relationship where moderate levels of a variable result in optimal outcomes, but too little or too much can be detrimental.

Extremely Stressed

Experiencing a high level of psychological pressure or tension, often resulting from demanding situations or challenges.

Graphic News

News content that includes vivid visual elements, such as photographs, illustrations, or infographics, to enhance storytelling or information presentation.

Related Questions