2020 2016
1976
1995
$7.25
Year
Minimum Wage in
Unadjusted Dollars
$2.30
$4.25
$7.25
2016-2020
1976-2020
1995-2020
Year
Inflation Rate Between Given
Year and 2020
(a) 358.13% (b) 65.80.2 (0) 7.86%
2. Adjust each year's minimum wage into 2020 dollars using the given inflation rates. Round values to two decimal
places. Show your work in the space provided. Hint: Refer to the graph on the top of p. 175 to see if your
conclusions are reasonable.
(3 x 5pt = 15 pt)
1976
1995
2016