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8. Sam Steward is a freelance computer programmer. Listed below are his yearly wages for the years 2004 through 2008. Also included is an industry
8. Sam Steward is a freelance computer programmer. Listed below are his yearly wages for the years 2004 through 2008. Also included is an industry index for computer programmers that reports the rate of wage inflation in the industry. 23 Year Wage ($000) Index (2000 = 100) 2004 125.0 148.3 2005 134.8 160.6 2006 145.2 173.6 2007 156.6 187.9 2008 168.8 203.3 Shift the base period to 2004 and compute Sam's real income for the period. Did his wages keep up with inflation, or did he lose ground
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