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According to the New Hampshire Department of Education, the average teacher salary in public school districts in New Hampshire was $47,473 in 2006, $49,065 in

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According to the New Hampshire Department of Education, the average teacher salary in public school districts in New Hampshire was $47,473 in 2006, $49,065 in 2007, and $47,473 in 2008. Use the following information on CPI and PPL. Year CPI (1982 - 84 100) PPI (1982 100) 2006 201.59 164.80 172.70 215.30 2009 207.34 2007 2008 214.54 189.60 172.90 Source: Bureau of Labor Statistics. a. Calculate the real salary for the teachers. (Round your answers to 2 decimal places.) Real Salary Year 2006 2007 2008 b. Calculate the percentage change in the dollar value (nominal) as well as the purchasing power (real) of salaries. (Leave no cells blank.be certain to enter "o" wherever required. Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) Nominal Salary Real Salary Year 2006 2007 2008 % % % % %

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