a) Note that the CPI-based rate of inflation between 2021 and 2022 in the baseline scenario provided is 9.6%. Suppose, instead of remaining at 40, the quantity of gasoline in 2022 rose to 80. What would be the rate of inflation? Instructions: Round your answer to one decimal place.

A Consumer Price Index (with Inflation) YEAR 2022 (BASE YEAR) Reset Good Quantity Price (0-$900) Expenditure Rent (2-BR apartments) 600.00 $600.00 Hamburgers 60 2.00 $120.00 Movie tickets 10 7.00 $70.00 Gasoline (gallons) 40 1.50 $60.00 Constant Expenditure $850.00 Current Expenditure $850.00YEAR 2023 Reset Good Quantity Price (0-$900) Expenditure Rent (2-BR apartments) 1 650.00 $650.00 Hamburgers 60 2.50 $150.00 Movie tickets 10 8.00 $80.00 Gasoline (gallons) 40 1.30 $52.00 Constant Expenditure $932.00 Current Expenditure $932.00 BEER CPI $850.00 $932.00 CPI 2022 = = 100.0 CPI 2023 = 109.6 $850.00 $850.00 Rate of Inflation = 9.6%YEAR 2023 Reset Good Quantity Price (0-$900) Expenditure Rent (2-BR apartments) 1 650.00 $650.00 Hamburgers 60 2.50 $150.00 Movie tickets 10 8.00 $80.00 Gasoline (gallons) 80 1.30 $104.00 Constant Expenditure $932.00 Current Expenditure $984.00