VII. Suppose that in 2012, workers earn a $30,000 salary plus $10,000 in health insurance benefits. The cost of health insurance always rises 10% per year in real terms. Assume (a) employers never cut nominal salaries, (b) employers always provide health insurance, and (c) labor demand does not rise. Complete the following table. Year 0% Inflation 10% Inflation Nominal Nominal Real Real Nominal Nominal Real Real Salary Insurance Salary Insurance Salary Insurance Salary Insurance Cost Cost Cost Cost 2012 $30,000 $10,000 $30,000 $10,000 $30,000 $10,000 $30,000 $10,000 2013 $30,000 $11,000 $30,000 $11,000 $31,900 $12, 100 $29,000 $1 1,000 2014 2015 2016