please i need help quick with these ones!

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Preface: Boskin Commission Inflation Exercise The Senate Finance Committee created the Boskin Commission in 1996, which consisted of five prominent economists, to report on any biases in the Consumer Price Index (CPI). The Boskin Commission concluded that the CPI overstated inflation by 1.1 percentage points, meaning that if the official CPI stated inflation rate was 3.0%, then the true rate of inflation was 1.9% (3.0%-1.1%) in the eyes of the Boskin Commission. The objective of this application exercise is to ascertain the implications of the Boskin Commission's findings on real wages and Social Security benefits.The following table has the same information from the previous table, but the CPI that has been adjusted to reflect the Boskin Commission's conclusion that the CPI was overstating inflation and the true inflation rate is 1.1 percentage points less than the previously published figures. Use this information to calculate the real wage in 2016 dollars for the previous years: Year Nominal Wage CPI Real Wage (2016 Dollars) 1980 13,832 60.825 1986 17,888 73.191 1992 20,956 88.202 1998 24,908 94.463 2004 29,848 104.393 2010 32,552 112.524 2016 35,984 116.096 35,984 Question: What is the adjustment factor based on the Boskin recommended data, or the ratio of CPI(2016) to CPI(1980)? note: (round to the third decimal) O 2.345 1.909 2.890How would the 1.1 percentage point reduction in the CPI ination rate revise or change the rate of real wage growth in the United States over the previous decades? 0 The Boskin Commission adjustment caused the real wage growth between 1980 and 2016 to completely reverse direction. Under the BLS data, real wage growth was 8.45%, but under the Boskin adjusted data it was 3.67%. 0 There 1.1 percentage point reduction in the ination rate would not adjust the real wage growth. 0 The 1.1 percentage point reduction would cause the real wage growth to increase in a positive direction. 0 The Boskin Commission adjustment caused the real wage growth between 1980 and 2016 to completely reverse direction. Under the BLS data, real wage growth was 7.42%, but under the Boskin adjusted data it was positive 36.28%. How would the 1.1 percentage point reduction in the CPI ination rate revise or change the level of wages in the United States? Were individual's incomes higher or lower than what economists previously had thought under the Bureau of Labor Statistics (BLS) prior formulation of the CPI? I 0 Under the Boskin adjusted data, the real wage in 1980 was $26,405.288. This is much lower than the real wage of $38,867.92 calculated using the BLS data. Therefore, under the Boskin adjusted data wages were much lower than previously thought. This means that if you adjust or tinker with historic ination rates it will lead to a rewriting of economic history. Q There is not enough available information to answer. Q The adjustment to the ination rate would lead to the real wage in 1980 being much higher than previously thought. 0 Under the Boskin adjusted data, the real wage in 1980 was $26,405.288. This is much lower than the nominal wage of $13,832 calculated using the BLS data. Therefore, under the Boskin adjusted data nominal wages were much lower than previously thought