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1.Jane's monthly income from her part-time job was $1200 in 2013 and $2286 in 2018. Given that the CPI for 2013 was 100.0 and 111.5

1.Jane's monthly income from her part-time job was $1200 in 2013 and $2286 in 2018. Given that the CPI for 2013 was 100.0 and 111.5 for 2018,

a)Determine the purchasing power of the dollar for 2018 (2 marks)

b)Determine Jane's real income for 2018(2 marks)

Comment on Jane's purchasing power in 2018 relative to 2013 (2 marks

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