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1.SamSteward is a freelance Web page designer. His yearly wages for the years 2009through 2014 are listed below. An industry index for computer programmers thatreports
1.SamSteward is a freelance Web page designer. His yearly wages for the years 2009through 2014 are listed below. An industry index for computer programmers thatreports the rate of wage inflation in the industry is also included. This indexhas a base of 1998.
Year | Wage ($ thousands) | Index (1998 = 100) |
2009 | $175 | 148.3 |
2010 | 175 | 140.6 |
2011 | 150 | 120.9 |
2012 | 120 | 110.2 |
2013 | 120 | 105.3 |
2014 | 130 | 105.0 |
(a) (5 points) Compute Sams real income for the period. (b) (2 points) Did his wages match the increase or decline in the industry?
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