#1. L.) Use the CPI table on page #2 to answer the following: a) A new car costs $5,671.99 in 1985, what was the cost in 2017? b) What was the inflation rate from 1983 to 1984? A new TV cost $63 in 1986 and a comparable TV cost $325 in 2014. c) What is the relative change in the price of the TV? 4) What is the inflation rate from 1986 to 2014? c) If the TV price in 1986 rose by the inflation rate, what would it have cost in 2014? Comparing the relative change in the TV price with the inflation rate, what can you conclude? Comparing the relative change in the TV price with the inflation rate, what can you conclude? Date 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 CPI 247.87 242.84 236.92 233.71 233.92 230.28 226.66 220.22 216.69 211.14 211.08 202.42 198.30 190.70 185.20 181.70 177.10 175.10 168.80 164.30 161.60 159.10 154.40 150.30 146.20 142.60 138.10 134.60 127.40 121.10 115.70 111.20 109.60 105.50 101.90 97.80 94.30 87.00 77.80 68.30 62.50 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978