Question: i need help with this problem, and how to work through it 5. Let's say you graduate from college and accept a job in 2019.
5. Let's say you graduate from college and accept a job in 2019. You decide to compare your starting salary with your grandfather's and mother's starting salaries. The salaries you compare are: You: $90,000 per year beginning in 2019 Your mother: $35,000 per year beginning in 1993 Your grandfather. $9,500 per year beginning in 1952 (11 Points) a. To compare these salaries, you decide to use the CPI, using 1983 as the base year and fill in the missing cells: (1 point) CPI Year 1952 26.5 1983 1993 144.5 2019 253.1 b. Convert both your mother's salary and your grandfather's salary to 2019 dollars. Enter your answers in the table below. Show your work. Answers without any work shown will not be considered. (4 points) Grandfather's 1952 salary in 2019 dollars Mother's 1993 salary in 2019 dollars c. Briefly articulate what else, other than the CPI could have been used for comparison. Which is better and why? (5 Points) d. Briefly articulate when inflation is bad? (1 point)
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