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From 2004 to 2008, the average family after-tax annual earnings increased from $68,200 by 2.2677% per year. The inflation rate during that time period was

From 2004 to 2008, the average family after-tax annual earnings increased from $68,200 by 2.2677% per year. The inflation rate during that time period was 1.71%, 2.43%, 2.19%, and 3.13% in successive years, respectively. Determine the amount that Canadian family after-tax annual earnings have increased or decreased in 2008. Show calculations to support your answers

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