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a 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

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a 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 2017, 2018, and 2019. The cost of each item in the basket and the total cost of the basket are shown for 2017, Perform these same calculations for 2018 and 2019, and enter the results in the following table. 2017 Price Cost (Dollars) (Dollars) 2 30 2018 Price Cost (Dollars) (Dollars) 5 2019 Price Cost (Dollars) (Dollars) Quantity in Basket 15 8 1 70 70 130 100 2 250 2 2 500 100 Notebooks Calculators Large coffees Energy drinks Textbooks Total cost Price Index SO 2 4 6 10 120 1,200 150 180 1,900 100 Suppose the bose year for this price index is 2017 In the last row of the table, calculate and enter the value of the CSPF for the remaining years. Support the base Year for this price index is 2017 In the last row of the table, calculate and enter the value of the CSPS for the remaining years. Between 2017 and 2016, the set increased by Between 2018 and 2019, the CSP increased by Which of the following it true, would alustrate why orice indexes such as the CPI mighe overstate indiation in the cost of going to collage? Check or that apply A new type of personal transporter, which made it easier to get around places like university compusas, became available for purchase Professors required each student to buy 15 notebooks, regardless of the nice As the price of energy drinks increased relative to the price of coffee between 2017 and 2019, students de read their consumption of energy drinks and increased their consumption of coffee The quality of textbooks increased dramatically from 2017 to 2019, with textbook companies bunding new online study aids with the books, but this quality change is hard to measure

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