According to the U.S. Census Bureau (www.census.

gov), nominal income for the typical family of four in the United States (median income) was $23,618 in 1985, $34,076 in 1995, $46,326 in 2005, and $49,276 in 2010. In purchasing power terms, how did family income compare in each of those four years? You will need to know that the CPI (multiplied by 100, 1982–1984 5100) was 107.6 in 1985, 152.4 in 1995, 195.3 in 2005, and 218.1 in 2010. (LO6)