Based on the following table, answer the questions below (YOU MUST MAKE SOME CALCULATIONS TO ANSWER THE QUESTIONS): (10 POINTS) Nominal CPI Real Year Wage (base Wage (dollars period= (July 1983 dollars per hour) July 1983) per hour) 1975 4.87 55.5 8.77 1990 10.35 133.8 7.74 2008 18.4 210 8.76 2016 21.8 241.5 9.03 a) Comment on INFLATION... i. between 1975 and 1990 (You must Calculate the inflation rate first). ii. between 1990 and 2008 (You must Calculate the inflation rate first). iii. between 2008 and 2006 (You must Calculate the inflation rate first). Hint: Inflation is calculated using which index? You must compute the inflation rate. b) Comment on the evolution (ups and downs) of REAL WAGES between 1975 and 2008 (You must calculate the percentual changes of the real wage over the period first)