Question: Can someone check my work Problem 2 (10 Points) D - 60,600 ( In 1999, the US consumer price index (CPI) was 166.2. In 2020,

Can someone check my work Problem 2 (10 Points) D Can someone check my work

Problem 2 (10 Points) D - 60,600 ( In 1999, the US consumer price index (CPI) was 166.2. In 2020, the CPI is 260.4. In 1999, the average price of a gallon of unleaded gas was $1.27. The average price of a gallon of unleaded gas in 2020 is $2.89. . Calculate the average US inflation rate for this time period. Calculate the average inflation rate for the price of a gallon of unleaded gas over this time period. Use the CPI inflation rate to determine what the price of a gallon of unleaded gas would be, based on the 1999 price, if it had inflated at the CPI rate. A.) FR = 260.4 260. = 1.56678= (1+2 = 21/1.56878-1 1 -2.2756 21/2.2756 TA=. 02161 B.) 2.89 1.27 B.03993 (.) 260.9 166.2 2 (1.27) 11.99

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