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QUESTION 21 Below is Jim Walker's income for 1995 and 2007. Year Income $37,000 $67,000 CPI (1982-1984 = 100) 107.6 172.2 1995 2007 What was
QUESTION 21 Below is Jim Walker's income for 1995 and 2007. Year Income $37,000 $67,000 CPI (1982-1984 = 100) 107.6 172.2 1995 2007 What was Jim's real income for 2007? $37,000 $67,000 $34,387 $38,908 QUESTION 22 Besides measuring change in the prices of goods and services, the consumer price index has a number of other applications such as: To determine real disposable personal income To deflate sales or other data series To find the purchasing power of the dollar All of the above
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