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 2011 salary in 1980 dollars?
A) $25,511
B) $52,073
C) $40,140
D) $41,159
Correct Answer:
Verified
Correct Answer:
Verified
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