4. Big East City's Public Works Department is asking for an additional $100,000 for sign repairs in the next budget cycle because its costs have increased by at least that much since 1995. The department has provided you with the information in Table 7.3.

Big East City has adjusted funding for each of its departments every year to keep up with the buying power of money.

a. Calculate 2012 constant dollars for the expenditures

b. Calculate 1995 constant dollars for the expenditures.

c. Create a line graph displaying the nominal dollars, 2012 constant dollars, and 1995 constant dollars across all years of data.d. Based on the data provided and the calculations you have completed above, does the Public Works Department's request make sense? How much additional funding do you think it might need?TABLE 7.3Big East City: Expenditures for Sign Repairs and Price Deflator (1995-2012)

Table 7.3 Big East City: Expenditures for Sign Repairs and Price Deflator (1984-2012)
Year	Expenditures	Urban Gov't
1995	134,486	72.258
1996	144,489	73.812
1997	151,584	75.219
1998	161,148	76.320
1999	175,015	79.036
2000	193,276	82.482
2001	201,670	85.019
2002	203,733	86.810
2003	206,568	90.425
2004	223,622	94.062
2005	248,757	100.000
2006	286,331	105.276
2007	300,483	111.112
2008	288,316	117.666
2009	247,011	116.763
2010	229,100	119.579
2011	241,111	124.001
2012	247,783	126.465