Question: please help! Which Professor Is Better Off? Suppose the starting salary for a new assistant economics professor was $16,000 in 1976 and $80,000 in 2014.

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Which Professor Is Better Off? Suppose the starting salary for a new assistant economics professor was $16,000 in 1976 and $80,000 in 2014. The value of the CPI for 2014 was 236.7, compared to 56.9 in 1976. A newly-hired professor earned more in real terms in |:Il, with a real salary of $|:|. (Enter your response rounded to the nearest integer.)

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