Table 5-6 shows an assistant professor's salary and the respective price indexes for the years 1967 and 1997. Use the table to answer questions .
Table 5-6
-Refer to Table 5-6. Calculate the real income for an assistant professor in 1967.
A) $2,381
B) $9,524
C) $10,000
D) $42,000
Correct Answer:
Verified
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A)
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