Use table 7 to answer questions 7-9 Year Price of the Goods Basket 2018 $500 2019...

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Use table 7 to answer questions 7-9 Year Price of the Goods Basket 2018 $500 2019 $625 2020 $710 2021 $725 The Bureau of Labor Statistics uses the data above to measure the price index. 2018 is the base year. 7 What is the 2019 index value? D 8 What was the inflation rate for 2020? Note: Enter you answer in percentage form and with one decimal places. For example, if your answer is 0.114 then enter 11.4 (do not include the percent symbol) 9 What is the index value for 2021? 1 1 1 Use table 7 to answer questions 7-9 Year Price of the Goods Basket 2018 $500 2019 $625 2020 $710 2021 $725 The Bureau of Labor Statistics uses the data above to measure the price index. 2018 is the base year. 7 What is the 2019 index value? D 8 What was the inflation rate for 2020? Note: Enter you answer in percentage form and with one decimal places. For example, if your answer is 0.114 then enter 11.4 (do not include the percent symbol) 9 What is the index value for 2021? 1 1 1