Question 6 (8 marks) The following table gives information on the CPI and the yearly salary of Sasha Perrault:

(a) What is the purchasing power of the dollar for 2013 based on the period 2002?

(b) Determine Sasha Perrault's real yearly salary for 2010. Interpret the result.

(c) What is the purchasing power of the dollar for 2013 based on the period 2006?

(d) Determine Sasha Perrault's real yearly salary for 2013. Interpret the result.

Year

Consumer Price Index (2002=100)

Yearly Salary

2002

100.0

$30,000

2006

109.1

$32,500

2010

116.5

$36,500

2013

122.8

$40,500