Subtle Em... Emphasis Intense E... Strong Quote Intense Q... Subtle Ref... Intense Re... Book Title 1 List Para.. Select Editing Voice Editor Style ALGONQUIN COLLEGE | Online Question 3 (7 marks) Jane Smith is a freelance IT consultant. Her yearly wages for the years 2009 through 2014 are listed below. An industry index for computer programmers that reports the rate of wage inflation in the industry is also included. This index has a base of 1998. Year Wage ($ thousands) Index (1998 = 100) 2009 $165 148.3 2010 167 140.6 2011 150 120.9 2012 128 1 10.2 2013 120 105.3 2014 131 105.0 (a) (5 marks) Compute Jane's real income for the period. (b) (2 marks) Did her wages match the increase or decline in the industry? Question 4 (8 marks) The table below gives information on the CPI and the monthly take-home pay of Bill Jones, an employee at the Ford Canada. (a) What is the purchasing power of the dollar for 2007 based on the period 2002? (Round the final answer to 5 decimal places.) b) Determine Mr. Jones' "real" monthly income for 2007. (Round the final answer to 2 decimal places.) . c) What is the purchasing power of the dollar for 2010 based on the period 2002? (Round the final answer to 5 decimal places.) (d) Determine Mr. Jone's "real" monthly income for 2010. (Round the final answer to 2 decimal places.) Year (2002 = 100) Consumer Price Index (CPI) Mr. Martins Monthly Take- Home Pay ($) 2002 100.0 2300 2007 111.5 2700 2010 116.5 2900 2013 122.8 3100 Question 5 (2 marks) In 2009, the mean salary for a marketing director with a bachelor's degree was $84,373. The CPI for 2009 was 114.4. The mean annual salary for a marketing director in the base period of 2002 (2002 = 100.0) was $ 69,500. ALGONQUIN COLLEGE | Online