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1.     Your company, located in Denver, CO needed to calculate...

1.     Your company, located in Denver, CO needed to calculate what your salary would be in 2021. Suppose it agreed to a contract to increase your 2021 salary by as much as the inflation rate in 2020 (which can be measured based on information provided by the CPI-U All-Items for Denver, CO metro-area data provided below). If your salary was $65,000 in 2020, what can the company expect your salary to be in 2021? Should workers see this increase in salary as an increase in real or nominal wages? Justify your answers and show your calculations!


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