AutoSave . Off MTH 116 6-3D Exercise 35-42 - Compatibility Mode - Word Search Abbie Ramey AR X File Home Insert Draw Design Layout References Mailings Review View Help Share Comments LO & Cut [A Copy Calibri (Body) ~ 11 ~ A" A Aa Ap EVEEVENT AaBbCcDd AaBbCcDd AaBbCc AaBbCcC AaB Find c Replace Paste Format Painter BIUab X X A LA 1 Normal 1 No Spac... Heading 1 Heading 2 Title Select Dictate Sensitivity Clipboard Font Paragraph Styles Editing Voice Sensitivity . 1 3 . . . 1 . . . 4 . . . 1. . .5 1 1 . . . 6 . . . . . .7 . . , MTH 116 Foundations of Quantitative Literacy Presentation Assignment Chapter: Index Numbers: The CPI and Beyond 1. For the following items create powerpoint presentation which includes the table below and responses to the items which follow. Federal Minimum Wage (for Years in Which a Change Occurred) Actual 1996 Actual 1996 Year dollars dollars Year dollars dollars 1938 $0.25 $2.78 1979 $2.90 $6.27 1939 $0.30 $3.3 1981 $3.35 $5.78 1945 $0.40 $3.49 1990 $3.50 $4.56 1950 $0.75 $4.88 1991 $4.2 $4.90 1956 $1.00 $5.77 1996 $4.7 $4.75 1961 $1.25 36.41 1997 $5.15 $5.03 1967 $1.40 $6.58 2007 $5.85 $4.42 1968 $1.60 $7.21 2008 $6.59 $4.77 1974 $2.00 $6.37 2009 $7.25 $5.12 1976 $2.30 $6.34 2016* $7.25 $4.74 1978 $2.65 $6.38 "There has been no change in the federal minimum wage since 2009, but 2016 is included for easy reference; 1996 dollars based on CPI-U. Source: U. S. Department of Labor. 2. The table notes the minimum wage in 2016 was the equivalent of $4.74 in 1996 dollars. Looking at the progression, estimate the 2019 value (still $7.25 at the federal level) in 1996 dollars. 3. Explain why the 2009 minimum wage in actual dollars is greater than the 2009 minimum wage in 1996 dollars. 4. In terms of purchasing power, would you rather have earned minimum wage in 1968 or 2009? Explain. Page 1 of 1 111 words X x Accessibility: Investigate Focus - - + 100% Type here to search O N 9 w 4x 6:53 PM 3/1/2020