Question
Table 4 Year Average salary (RM in thousand) CPI (2005 = 100) 2011 2.4 105.1 2012 2.6 116.2 2013 3.12 119.8 2014 3.5 121.5 2015
Table 4 Year Average salary (RM in thousand) CPI (2005 = 100) 2011 2.4 105.1 2012 2.6 116.2 2013 3.12 119.8 2014 3.5 121.5 2015 3.8 125.9 2016 4.5 123.5 2017 4.6 131.21 2018 5.23 132 2019 5.5 135.8 (i) Construct the CPI with the base year of 2011 from 2011 to 2019. (4 marks) (ii) Compute the average salary at 2011 prices from 2011 to 2019. (4 marks) (iii) Based on Q2. (d). (i) and (ii), tabulate inflation rate and percentage change for average salary from 2012 to 2019. (4 marks) (iv) Based on Q2. (d). (iii), comment on whether the average salary could afford the cost of living from 2012 to 2018. Provide your reasoning to support your answer. (3 marks) [Total: 30 marks]
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