Question: Can you please help me answer both blanks? Congratulations! Your boss has given you a raise. However, you want to know whether your purchasing power

Can you please help me answer both blanks?

Congratulations! Your boss has given you a raise. However, you want to know whether your purchasing power has actually increased, since ination is rising as well. The table below gives you data for wages and the Consumer Price Index (CPI) for the last two years. Wage ($lday) CPI Year 1 $1,000 110 Year 2 $1,050 123.2 The nominal percentage increase in your wage is 5 %. (Round your answer to one decimal place.) The real percentage increase in your wage is |:|%. (Round your answer to one decimal place.)

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