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. 1950 1960 1970 1980 1990 2000 2010 2017 CPI 25.0 29.8 39.8 86.3 133.8 174.0 219.2 248.0 + 19.2% + 59.2 +245.2 +435.2 +596.0 +776.8 +892.0 An engineer in 1950 was earning $6,200 a year. In 2017 she earned $82,000 a year. However, on average, prices in 2017 were higher than in 1950. What was her real income in 2017 in terms of constant 1950 dollars? Use the data in Table 5.8. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Real income in 2017 $ 60,848.76 X %