1. Over the years, Hannah's income has changed from $36,000 to $40,000 to $45,000. If the CPI changed from 102.9 to 105.1 to 108.6 over the same time period, determine Hannah's percent change in real income from year to year.

2. The CPI rose from 102.6 in 2003 to 116.5 in 2010. The S&P/TSX Composite Index rose from 6,569.49 to 11,294.42 over the same time period. If an investor had $125,000 invested in 2003, how much of the growth (in dollars) for the portfolio over the seven years represents real growth?

Answer rating: 100% (QA)

1 To determine Hannahs percent change in real income from year to year we need to calculate her inco... View the full answer