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Given the following information Year Cost of a Basket of Goods 2019 $8 2020 $14 2021 $20 Use the information in the table above. 1.

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Given the following information Year Cost of a Basket of Goods 2019 $8 2020 $14 2021 $20 Use the information in the table above. 1. Compute the CPI for each year. 2. Compute the annual inflation rate from the previous year. Show all of your calculations

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