Question: iton Assignment Saved Help Save & Exi The table below lists hypothetical CPI and wage values for the United States from different decades. a. Complete

 iton Assignment Saved Help Save & Exi The table below lists

iton Assignment Saved Help Save & Exi The table below lists hypothetical CPI and wage values for the United States from different decades. a. Complete the table by computing the real income for each year shown in the table. Instructions: Round your answers to two decimal places. Nominal and Real Income Year Average Nominal Wage (dollars) CPI Average Real Wage (dollars) 1967 $7, 380 35. 2 $ 20965.91 es 1977 14, 244 63 22609.51 1987 27, 494 119 23104.20 1997 39, 232 168.9 23227.95 2007 51, 822 216.9 23892.12 2013 54, 885 244.4 22457.04 Instructions: Enter the year using all four numbers (yyyy). b. Of the years listed above, the paycheck of the average worker was highest in 2007 c. Of the years listed above, the purchasing power of the average worker was highest in

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