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ALGONQUIN COLLEGE | Online Question 6 (8 marks) The following table gives information on the CPI and the yearly salary of Sasha Perrault: (a) What

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ALGONQUIN COLLEGE | Online Question 6 (8 marks) The following table gives information on the CPI and the yearly salary of Sasha Perrault: (a) What is the purchasing power of the dollar for 2013 based on the period 2002? (b) Determine Sasha Perrault's real yearly salary for 2010, Interpret the result. (c) What is the purchasing power of the dollar for 2013 based on the period 2006? (d) Determine Sasha Perrault's real yearly salary for 2013. Interpret the result. Year Consumer Yearly Salary Price Index (2002-100) 2002 100. $30,000 2006 109.1 $32,500 2010 116.5 $36,500 2013 122.8 $40,500 Question 7 (3 marks) Fill in the blanks in the following table: Year Nominal 2006 Income Real Income CPI (x100) 2007 275 250 2008 500 300 130 125 Country Question 8 (2 marks) The figures in the following table were taken from consumer price index of three countries: ABC 2014 2015 DEF 110 XYZ 130 120 140 101 (a) Which country has the lowest rate of inflation between 2014-15

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