1 CPbasket 10lbs of beef, 20lbs of chicken Baseea2017 year Pricefbeef Priceof chicken 2017 $3 $3 2018 $4 $4 2019 $8 $5 A Cala late CPfor all years B. Whatwas theinflationrate from2018-2019? 2 Ineachscenario, determine the effects onthe CPandh @TPdeflator. A Starbucks raises the price of muffins Caterpillar raises the priceof theindu stria tractors it manufactures at its Illinois factory. C Armaniseb priceth taliacantelisthe.S $31month 3 Your great grandpeds first full timejobwas as a car mechanicin 1963, andhewas earring CPin1 9630.9 CPin201256.6 . Howmuchgreat grandpa's earnings areincurrent. dudlars? 4 Amirreceiveda$1,000end of-year bonus.at his ja Hedeposits the$1, CODinhis 153.. savings account for one year. The nominal interest rateis 9% During that year, inflation At theend of the year, is Anir abletobuy morear fewer goods withhis money? How