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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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