Inflation. Use the Bureau of Labor Statistics inflation calculator, adjust the following amounts from their original time periods into a common value (December 2022). Nominal Amount/Value and Original Time Period Adjusted (Real Price) to December 2022 FILL IN THIS COLUMN $500 in February 2016 $625.86 $100 in June 1985 $275.83 $243 in October 2005 $362.06 https://www.bls.gov/data/inflation_calculator.htm Note: inflation adjustments can be "annualized" (reflecting an average for the year) or made at a monthly level. Annual is common and maybe more appropriate if we do not know the month in which a cost or benefit is measured. However, the convenient BLS calculator above requires us to specify the monthly level. For annual adjustments, I recommend using the more flexible, but slightly less user-friendly data here: https://fred.stlouisfed.org/series/CPIAUCSL