Question 5: The following table gives information on the Consumer Price Index and the monthly take-home pay of Bill Martin, an employee at the Jeep Corporation. Consumer Price Index Mr. Martin's Monthly Year (2002 = 100) Take-Home Pay 2002 100.0 $2400 2007 111.5 2800 2010 116.5 2900 1. What is the purchasing power of the dollar for 2007 based on the period 2002? 2. Determine Mr. Martin's "real" monthly income for 2007. 3. What is the purchasing power of the dollar for 2010 based on the period 2002? 4. Determine Mr. Martin's "real" monthly income for 2010