Question: Use the data in question five to answer question six Workers whose wages are not tide Q5: Here are some recent data on the U.S.

Use the data in question five to answer question six

Use the data in question five to answer question six Workers whose

Workers whose wages are not tide Q5: Here are some recent data on the U.S. consumer price index: Year CPI Year CPI Year CPI 1992 140.3 1998 163.0 2004 188.9 1993 144.5 1999 166.6 2005 195.3 1994 148.2 2000 172.2 2006 201.6 1995 152.4 2001 177.1 2007 207.3 1996 156.9 2002 179.9 2008 2153 1997 160.5 2003 184.0 2009 214.5 Compute the inflation rate for each year 1993-2009 and determine which years were In which years did deflation occur? In which years did disinflation occur? | Deflation occurred in 2009. Disinflation occurred in 1994,1997, 1998, 2001, 2002, 20 occurred in all the other years given. Q6: Using the CPI data in question 5 determine if Joe's real income is increasing. 2000 $40,000 2005 $41,000 2009 $42,000 9 W

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