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:

Resting Sporangium

The structure in fungi and plants where spores are produced and stored, typically dormant until favorable conditions arise.

Chytridiomycota

A phylum of fungi characterized by producing spores with flagella, associated with waterborne diseases in amphibians.

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Cells possessing one or more whip-like structures called flagella, used primarily for locomotion or sensory functions.

Mental Age

A measure of an individual's cognitive ability compared to the average cognitive ability for their actual age.