nfiation is a general increase in prices and may be measured by the Consumer Price Index (CPI). Use Appendox A to answer the questions. In Year 1 the CPI was 100;30 years later, it was 225 . What was the annual rate of inflation? Round your answer to the nearest whole number. is b. Nancy and pam both curtently earn $110,000. If the annual rate of inflation is 4 percent, how much must each eam after ten years to maintain their purchasing power? Round your answer to the nearest dollac, 5 c. Your parents bought a hoine for $40,000 in Year 1 and sold it in Year 31 for $220,000, What was the annual rate of price increase over the 30 years? found your answer to the nearest whole number