Chapter 14.1, Problem 14.13ACI

Weekly earnings for workers. The table in the next column lists the median weekly earnings (in dollars) for full-time wage and salary workers over the years 2007-2015, categorized by gender.

a. Compute a simple index for the weekly earnings of male workers over the period 2007-2015. Use 2007 as the base year. Do the same for women workers.

b. Plot the two simple indexes on the same graph and interpret the results.

c. Compute a simple composite index for male and female weekly earnings over the 2007-2015 period. Use 2007 as the base year.

d. Plot the simple composite index on a graph and interpret the results.

Year	Men	Women
2007	700	614
2003	798	638
2003	810	657
2010	824	670
2011	831	683
2012	854	641
2013	861	706
2014	870	710
2015	894	726