3. Calculate the loss to GDP using Okhun's formula: South Korea's GDP Is 2015 was$ 860 billion but its unemployment rate In that year was 18%. The Loss to GDP was.... 4. Calculate the CPIi and Inflation rate for each of the years: YEAR VALUE OF BASKET CPI 2010 3 INFLATION RATE 390 2015 420 2017 495 2018 530 5. Calculate the GDP Index Ice cream cones Coffee beans Potato chips YEAR Price Qty Price Qty Price Qty 2015* $1 20 $3 5 pounds $2 100 bags 2016 $2 30 $4 8 pounds $3 200 bags 2017 $3 40 $5 10 pounds $4 300 bags