Question: Sam Steward is a freelance Web page designer. Listed below are his yearly wages for several years between 2007 and 2013. Also included is an

Sam Steward is a freelance Web page designer. Listed below are his yearly wages for several years between 2007 and 2013. Also included is an industry index for Web page designers that reports the rate of wage inflation in the industry. This index has a base period of 1995.

Compute Sam€™s real income for the selected years during the six-year period. Did his wages keep up with inflation, or did he loseground?

Year Wage ($000)Index (1995 100) 2007 2009 2011 2013 134.8 145.2 156.6 168.8 160.6 173.6 187.9 203.3

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