A small nation of 10 people idolizes the TV show The Voice. All they produce and consume are karaoke machines and voice lessons, in the following amounts: Karaoke Machines Voice lessons Price Price Quantity (Dollars) Quantity (Dollars) 2023 20 30 40 8 2024 25 50 60 10 Using a method similar to that used to calculate the consumer price index, the percentage change in the overall price level is . (Note: Use 2023 as the base year, and fix the basket at 2 karaoke machines and 4 voice lessons.) Using a method similar to that used to calculate the GDP deflator, the percentage change of the overall price level is . (Note: Again, use 2023 as the base year.) Which of the following statements is correct? Check all that apply. The GDP deflator holds the basket of goods and services constant. The inflation rate in 2024 is not the same using the two methods. The CPI allows the basket of goods and services to change. K