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Year Annual CPI 2000 172.200 2010 218.056 2020 258.811 The average unadjusted Indiana teacher's salary was $42,000 in the year 2000. In 2010, the salary
Year Annual CPI 2000 172.200 2010 218.056 2020 258.811 The average unadjusted Indiana teacher's salary was $42,000 in the year 2000. In 2010, the salary was $48,000. By 2020, the salary was $51,500. Using the year 2000 value, calculate the comparable salary in 2020 based on inflation. 3 points Using the year 2010 value, calculate the comparable salary in 2020 based on inflation. 3 points In what year did Indiana teacher salaries have the most purchasing power, when taking inflation into consideration? Use a quantitative argument in your answer to justify why one year's value is better than another. 3 points
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