The yearly incomes of a college graduate for the years 2007 through 2010 and the Consumer Price Index are shown below. 
a.Use the Consumer Price Index to deflate the yearly income series.
b.Compare the individual's income to his/her real income for the years 2009 and 2010. Comment on your findings.
Definitions:
New Products
Goods or services that have been recently introduced to the market, offering novel features or improvements over existing offerings.
R&D
Research and Development (R&D) denotes the activities related to the innovation and improvement of products and processes.
Resistance to Change
The reluctance or refusal to accept new policies, practices, or conditions, often seen in organizational contexts when transformations are initiated.
Ignorance
The lack of knowledge, information, or awareness about something.
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