The following data indicate the price indices of lumber (price index for the base period (1982-1984 = 100) during the last 10 years: Period      Price Index 2001            164.5 2011            185.1(a) If the base period (price index= 100) is reset to the year 2001, compute the inflation rate for lumber between 2001 and 2009.(b) If the past trend is expected to continue, how would you estimate the price of lumber in 2014?

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