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1. (35 Points) Table 1 Good Quantity 2019 prices 2020 prices 2021 prices A 150 1.50 KD 2.00 KD 1.750 KD B 250 2.00 KD

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1. (35 Points) Table 1 Good Quantity 2019 prices 2020 prices 2021 prices A 150 1.50 KD 2.00 KD 1.750 KD B 250 2.00 KD 2.00 KD 2.000 KD Z 100 3.00 KD 3.50 KD 4.000 KD(1. Now suppose that the base year is 2021. Recalculate the price index for 2019, 2020 and 2021. e. Using the index with the 2021 base year, calculate the percentage rate of change of the price level from 2020' to 2021 and from 2019 to 2020

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