(Solved): The table below shows the annual change in the average nominal wage and inflation rate since \( 200 ...

The table below shows the annual change in the average nominal wage and inflation rate since \( 2008 . \) a. Compute the percentage change in real income for each year shown in the table. Instructions: In part a, round your answers to two decimal places. In parts \( b \) and \( c \), enter your answers as a whole number. If entering negative number, include a minus sign. Percentage Changes in Nominal Income and Prices b. Of the years listed above, the paycheck of the average worker decined in of the six years: c. Of the years listed above, the purchasing power of the average worker declined in of the six years: d. The average real income of households can increase