Question: Step 5. Graph 1. For every year, graph % chg in PP and Inflation (INFLT) on the same graph. Title of graph should be Trend

Step 5. Graph 1. For every year, graph % chg in PP and Inflation (INFLT) on the same graph. Title of graph should be Trend in Purchasing Power and Inflation for Selected Years Step 6. Calculate real annual income 1(INC1): RMW x 40 hours per week x 50 weeks per year. Formula 4: INC1 for 2009 = H2 = , this is a nominal value Formula 5: Convert to real value (RH2) = h2/CPI (2009) in hundredths =

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