A small nation of 10 people idolizes the TV show The Voice. All they produce and consume are karaoke machines and CDS, in the following amounts: Karaoke Machines CDS Price Price Quantity (Dollars) Quantity ( Dollars) 2020 10 20 50 13 2021 15 30 60 15 Using a method similar to that used to calculate the consumer price index, the percentage change in the overall price level is (Note: Use 2020 as the base year, and fix the basket at 1 karaoke machine and 5 CDs.) Using a method similar to that used to calculate the GDP deflator, the percentage change of the overall price level is . (Note: Again, use 2020 as the base year.) Which of the following statements is correct? Check all that apply. O The inflation rate in 2021 is not the same using the two methods. O The CPI allows the basket of goods and services to change. O The GDP deflator allows the basket of goods and services to change