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1. You are given the following data: CPI 2019 = 255 CP|2018 = 250 CP|1983 = 100 Calculate the inflation rate in 2019. By what

1. You are given the following data: CPI 2019 = 255 CP|2018 = 250 CP|1983 = 100 Calculate the inflation rate in 2019. By what percent have prices risen from 1983 to 2019? Show all work. (This question is worth 2 points)

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