As a graduating senior, Gwen Kumora of Manhattan, Kansas, is eager to enter the job market at an anticipated annual salary of $34,000. Assuming an average inflation rate of 3 percent and an equal cost-of-living raise, what will Gwen's salary be in ten years? In 20 years? (Hint: Use Appendix A.1) To make real economic progress, how much of a raise (in dollars) does Gwen need to receive next year?