8. Calculating inflation using a simple price index Consider a fictional price index, the College Student Price Index (CSPI), based on a typical college student's annual purchases. Suppose the following table shows information on the market basket for the CSPI and the prices of each of the goods in 2010, 2011, and 2012. The cost of each item in the basket and the total cost of the basket are shown for 2010. Assume the quantity of each item in the basket does not change in 2011 and 2012. Perform these same calculations for 2011 and 2012, and enter the results in the following table. 2010 2011 2012 Price Quantity in Basket (Dollars) Notebooks 15 2 30 Cost Price (Dollars) (Dollars) 5 Cost (Dollars) Price (Dollars) 8 Cost (Dollars) Calculators 1 70 70 100 130 Large coffees 250 2 500 2 2 Energy drinks 50 2 100 4 6 Textbooks 10 120 1,200 150 180 Total cost 1,900 Price index 100 Suppose the base year for this price index is 2010. In the last row of the table, calculate and enter the value of the CSPI for the remaining years. Between 2010 and 2011, the CSPI increased by Between 2011 and 2012, the CSP1 increased by