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Using the CPI below as a measure of purchasing power, calculate the real hourly earnings for 2020 in terms of 2018 dollars, in 2

Using the CPI below as a measure of purchasing power, calculate the "real" hourly earnings for 2020 in terms of 2018 dollars, in 2 decimal places. Year 2018 2019 2020 CPI 1018 1039 1065 O a. $29.92 O b. $32.75 O c. $35.21 O d. $32.17 O e. None of the given choices Actual hourly earnings ($) 31.30 32.50 33.66

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