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  3. 3 consider the following table 1995 s1000 100 1985 2014...

Question: 3 consider the following table 1995 s1000 100 1985 2014...

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3. Consider the following table: 1995 S10.00 100 1985 2014 S20.00 200 Average wage S7 S7.00 CPI (base 1995) 80 Do these problems i. Assume 1995 is the base year, convert the nominal wages to constant dollar wages Assume 2014 is the base year, convert the nominal wages to constant dollar wages ii.
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