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Question 4: Sam Steward is a freelance Web page designer. Listed below are his yearly wages for the years 2006 through 2011. Also included is
Question 4: Sam Steward is a freelance Web page designer. Listed below are his yearly wages for the years 2006 through 2011. Also included is an industry index for computer programmers that reports the rate of wage inflation in the industry. This index has a base of 1995. Year Wage ($ thousands) Index (1995 = 100) 2006 $175 148.3 2007 175 140.6 2008 150 120.9 2009 120 110.2 2010 120 105.3 2011 130 105.0 Compute Sam's real income for the period. Did his wages match the increase/decline in the industry
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