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Nominal Nominal Year CPI Year CPI Income Income 1990 65.2 400 2003 136.2 45000 1991 72.6 650 2004 140.3 50000 1992 82.7 2005 144.5 55000 1993 90.9 2000 2006 148.2 65000 1994 96.5 5000 2007 152.4 70000 1995 99.6 9000 2008 156.9 85000 1996 103.9 12000 2009 160.5 90000 1997 107.6 15000 2010 164.85 105000 1998 109.6 19000 2011 168.99 115000 1999 113.6 22000 2012 173.13 125000 2000 118.3 28000 2013 177.27 132000 2001 124 32000 2014 181.41 137000 2002 130.7 35000 2015 185.55 150000 c) Look at the following table. What is the base year? d) What is the real income in the year 2012 and 2013? 2 points Your answer e) What is the percentage change in CPI between years 2012 and 2013? 1 point Your answer f) What is the percentage change in Nominal Income between years 2012 and 2013? 1 point Your answer g) What Nominal Income kept up with Inflation? Explain why or why not