1. Government survey takers determine that typical family expenditures each month in the year designated as the base year are as follows: 25 pizzas at $10 each Rent of apartment, $600 per month Gasoline and car maintenance, $100 Cell phone service, $50 In the year following the base year, the survey takers determine that pizzas have risen to $11 each, apartment rent is $700, gasoline and maintenance have risen to $120, and phone service has dropped in price to $40. (LO1) a. Find the CPI in the subsequent year and the rate of inflation between the base year and the subsequent year. b. The family’s nominal income rose by 5 percent between the base year and the subsequent year. Are they worse off or better off in terms of what their income is able to buy?