3 10 points eBook Print References The table below lists hypothetical CPI and wage values for the United States from dif

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3 10 Points Ebook Print References The Table Below Lists Hypothetical Cpi And Wage Values For The United States From Dif 1 (29.72 KiB) Viewed 17 times

3 10 points eBook Print References The table below lists hypothetical CPI and wage values for the United States from different decades. a. Complete the table by computing the real income for each year shown in the table. Instructions: Round your answers to two decimal places. Nominal and Real Income Year 1967 1977 1987 1997 2007 2013 Average Nominal Hage (dollars) $7,013 13,484 25,847 36,842 49,350 51,903 CPI 33.1 60.1 112.8. 159.2 205.4 231.4 Average Real Wage (dollars) $ Instructions: Enter the year using all four numbers (yyyy). b. Of the years listed above, the paycheck of the average worker was highest in c. Of the years listed above, the purchasing power of the average worker was highest in