Use the Consumer Price Index Below to Answer the Question

question 149

Essay

Use the Consumer Price Index below to answer the question. $$\begin{array}{l}\text { Average Annual Consumer Price Index (1982-1984 = 100) }\\\begin{array} { c | c | c | c | c | c } \text { Year } & \text { CPI } & \text { Year } & \text { CPI } & \text { Year } & \text { CPI } \\\hline 1986 & 109.6 & 1995 & 152.4 & 2004 & 188.9 \\1987 & 113.6 & 1996 & 156.9 & 2005 & 195.3 \\1988 & 118.3 & 1997 & 160.5 & 2006 & 201.6 \\1989 & 124.0 & 1998 & 163.0 & 2007 & 207.3 \\1990 & 130.7 & 1999 & 166.6 & 2008 & 215.3 \\1991 & 136.2 & 2000 & 172.2 & 2009 & 214.5 \\1992 & 140.3 & 2001 & 177.1 & 2010 & 218.1 \\1993 & 144.5 & 2002 & 179.9 & 2011 & 224.9 \\1994 & 148.2 & 2003 & 184.0 & 2012 & 229.6\end{array}\end{array}$$
-The table below shows the federal hourly minimum wage in various years. Complete the
table by converting each minimum wage from actual dollars to 2001 dollars. In which year
was the purchasing power of the minimum wage the highest? $$\begin{array} { l | l } \text { Year } & \text { Actual dollars 2001 dollars } \\\hline 1990 & \$ 3.50 \\1991 & \$ 4.25 \\1996 & \$ 4.75 \\1997 & \$ 5.15\end{array}$$

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Definitions:

Gametophyte

The sexual phase in the life cycle of plants and algae that produces gametes.

Sporophyte

Diploid generation of the alternation-of-generations life cycle of a plant; produces haploid spores that develop into the haploid generation.

Fertilization

The process by which a sperm cell and an egg cell unite, resulting in the formation of a zygote, marking the beginning of a new organism's development.

Sporangia

Structures in fungi, algae, and plants where spores are formed and stored, playing a key role in reproduction and dispersal.