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1.Suppose that the residents of Vegopia spend all of their income on cauliflower, broccoli and carrots. In 2017 they buy 100 heads of cauliflower for
1.Suppose that the residents of Vegopia spend all of their income on cauliflower, broccoli and carrots. In 2017 they buy 100 heads of cauliflower for $ 200, 50 bunches of broccoli for $ 75 and 500 carrots for $ 50. In 2018 they buy 75 heads of cauliflower for $ 225, 80 bunches of broccoli for $ 120 and 500 carrots for $ 100. If the base year is 2017, what is the CPI in both years? What is the inflation rate in 2018?
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