Final answer:
The new annual pay for an entry-level PR specialist at a 51-week year rate, without a raise in per week earnings, would be $46,512 based on the original $47,424 salary for 52 weeks.
Step-by-step explanation:
If an entry-level PR specialist's annual pay is $47,424 based on a 52-week year, and the company reduces the work year to 51 weeks while maintaining the same rate of pay, we need to calculate the new annual pay. To determine the weekly pay, we divide the annual salary by 52, which results in approximately $912.00 per week. If the company now employs the specialist for 51 weeks, the new annual pay is 51 weeks multiplied by the weekly pay rate, which equals $46,512.
The economy often affects employment conditions and pay rates, as evident in this scenario. Obtaining higher education, such as a bachelor's degree, can increase one's earnings significantly compared to just holding a high school diploma. The impact of education on earnings emphasizes the influence of the economy and education on individual career paths.