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Consider the following table recording the value of the CPI in the mystical country of Bakerland. Year CPI 1999 80 2000 100 2001 115 2002

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Consider the following table recording the value of the CPI in the mystical country of Bakerland. Year CPI 1999 80 2000 100 2001 115 2002 140 6. What is the base year in the above data? 7. What is the inflation rate between 2001 and 2002? 8. What amount in 2002 would be equivalent to $20 in 1999? 9. What amount in 2000 is equivalent to $28 in 2002

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