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4. Use the data below to find the price index and inflation rates. Good Market Year 1 Price (Base Base Year Spending Basket Year) Cookies

4. Use the data below to find the price index and inflation rates. Good Market Year 1 Price (Base Base Year Spending Basket Year) Cookies 200 1 Monkeys 75 20 Puppets 50 12 Butter 120 4 Baseballs 160 7 Total Base Year Spending Good Market Basket Y2 Price Year 2 Spending Cookies 200 1 Monkeys 75 32 Puppets 50 11 Butter 120 5 Baseballs 160 9 Total Year 2 Spending

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