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22. Refer to the Bureau of Labor Statistics table to the right. Year CPI Infl. Rate 2019 256 1.8% Calculate the inflation rates for 2020

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22. Refer to the Bureau of Labor Statistics table to the right. Year CPI Infl. Rate 2019 256 1.8% Calculate the inflation rates for 2020 and 2021. 2020 259 2021 279 J (259 - 25 4) / 254 x 100 = 1 171 (279- 259) / 259 X100 = 7.721 23. What do the GDP and inflation numbers tell you about the U.S. economy? Please discuss the direction that you believe our economy is heading, given this information. J

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