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6. Suppose that the year you were born someone bought $100 of goods and services for your baby shower. A. How much would you guess

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6. Suppose that the year you were born someone bought $100 of goods and services for your baby shower. A. How much would you guess it would cost today to buy a similar amount of goods and services? B. Now use FRED to get the relevant CPI numbers (and change frequency to annual) and compute the answer based on that. Make note of what CPI index you are using (cite the source!) 7. Choose four countries based on the first letter of your last name (Smith should choose countries starting with the letter S. There are 26 countries whose name starts with 'S' Then use the World Bank website to find information on inflation rates in these countries and the United States. Rank countries with the lowest inflation rate country first. 8. A dozen of eggs costs $0.88 in 1980 and $1.77 in 2018. The average hourly wage for production workers was $6.57 in 1980 and $22.36 in 2018. A. Compute the percentage change in price of eggs B. Compute the percentage change in wages. C. In each year, how many minutes did a worker have to work to make enough to buy a dozen of eggs. D. Did workers' purchasing power, measured in eggs, rise or fall over this time period? By how much

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