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A closed economy produces and consumes three goods only. The following table summarizes the prices and production of these goods in 2020 and 2021. The

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A closed economy produces and consumes three goods only. The following table summarizes the prices and production of these goods in 2020 and 2021. The government chooses 2021 as the base year. 2020 2021 Goods Quantity produced Quantity produced 1 30 20 2 12 12 Additional information: . Households purchase all good 1. . The consumption of good 2 is equally split between the government and rms. . Households purchase 60% of good 3, rms purchase 25% of them, and the government purchases the remaining good 3. o In the base year, the index = 100. Find the consumer price index in 2020. Note: Keep your answer to 2 decimal places. For example, if your answer is $1234.56, then enter 1234.56 in the answer box

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