Given the following CPI table 1 Calculate the Net Inflation rate from 1983 to 1993 2 What is 20 of the net inflation rate from

Question

Given the following CPI table 1 Calculate the Net Inflation rate from 1983 to 1993 2 What is 20 of the net inflation rate from 1985 to 1986 3 What percent of the net inflation rate from 1977 to 1978 is 0 02 4 In 1980 the minimum wage was 3 10 in the US Use the CPI table to estimate the minimum wage in 1987 Year 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 CPI 60 6 65 2 72 6 82 4 90 9 96 5 99 6 104 9 107 6 109 6 113 6 118 3 124 0 130 7 136 2 140 3 144 5

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