Percent Change since 1950 TABLE 5.8 The consumer price index (CPI) shows how inflation has increased the cost of a typical family's purchases. 70 1950 1960 1970 1980 1990 2000 2010 2015 CPI 25.0 29.8 39.8 86.3 133.8 174.0 219.2 236.5 + 19.2% + 59.2 +245.2 +435.2 +596.0 +776.8 +846.0 Problem 5-66 Real versus Nominal Dollars (L05) points An engineer in 1950 was earning $5,900 a year. In 2015 she earned $91,000 a year. However, on average, prices in 2015 were higher than in 1950. What was her real income in 2015 in terms of constant 1950 dollars? Use the data in Table 5.8. (Round your answer to 2 decimal places.) Skipped Real income in 2015 eBook Hint Print References