• Hello, please help me with this, I will rate your work
• use this sample data table to respond to tasks a-f.

Year	Market Basket Price	CPI	Inflation Rate
2019	$16
2020*	$20
2021	$24
2022	$36

• *Base Year
• a) Calculate the CPI for each year. Show your work in the chart and circle the CPI for each year.
• b) Calculate the inflation rate for each year compared to the year prior. Show your work in the chart and circle the inflation rate for each year.
• c) Based on your completed chart, what is the percentage decrease or increase in 2022 prices compared to 2020? Explain.
• d) If the CPI was 50 in 2018, what was the value of the market basket in 2018? Show your work.
• e) Based on your answer to part d, what was the inflation rate from 2018 to 2019? Show your work.
• f) Explain the difference between CPI and the inflation rate as economic indicators of inflation.
• Download