III. Suppose that the nominal Wage In 2000 is $6.00/hour; In 2005 It rises to $7.25/hour. Fill in the following table for the real minimum wage (in 2000 $'s) for 2000-2007. Then graph the real minimum wage over time. Year Inflation Real Minimum Wage 2000 3% $6.00 2001 4% 2002 5% 2003 10% 2004 3% 2005 0% 2006 3% 2007 5%