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7) Suppose the CPI from year 1 to year 2 increase from 206 to 230. What is the rate of price (3pts) inflation? Provide your

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7) Suppose the CPI from year 1 to year 2 increase from 206 to 230. What is the rate of price (3pts) inflation? Provide your answer as a percent rounded to two decimal places. Do not include any symbols, such as "s." "=," "9%,"or "." in your answer. 8) You earn $57,000 per year at your job. Suppose the CPI is currently 206. and next year the CPI (3pts) will be 214. How much money will you need to earn next year to have the same purchasing power as you currently have this year? Provide your answer in dollars rounded to two decimal places. Do not include any symbols, such as "s.""=." "%,"or "" in your

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