Question 1 Use the Consumer Price Index (CPI) value chart in Section 4 of your textbook to answer the following question:

In 2013 the most expensive cocktail (made with 1858 ‘Cuvee Leonie’ cognac) was sold in Australia for $12,000. What would have been the equivalent price just one year later, in 2014?

Round your answer to the nearest penny.

Question 2 Use the Consumer Price Index (CPI) value chart in Section 4 of your textbook to answer the following question:

The greatest payout for a personal injury was recorded at $163,882,660 in 1993. The car wreck actually occurred in the year 1987. If the guilty part paid in the year the wreck actually happened, what would have been the equivalent payout in 1987?

Round your answer to the nearest penny.

HERES THE IMAGE OF THE CPI CHART