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Can you help with the following Q1: The following table pertains to Quicheland, an economy in which the typical consumer's basket consists of 10 bushels

Can you help with the following

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Q1: The following table pertains to Quicheland, an economy in which the typical consumer's basket consists of 10 bushels of peaches and 9 bushels of pecan. (10 + 20 + 15 = 45 Points) + Year Price of Peaches Price of Pecan (Dollars per bushel) (Dollars per bushel) Year 2018 11 6 Year 2019 8 10 Year 2020 9 10.5 (1) Calculate the cost of the (same) basket in Year 2018, 2019 and 2020, respectively. (Show all your math work) (2) If Year 2018 is the base year, then calculate the CPI for Year 2018, 2019 and 2020, respectively. (Show all your work) (3) If Year 2018 is the base year, then compute the inflation rate in 2019 and 2020, respectively. (Show your work). Hint: Inflation rate in 2019 was the growth in prices from 2018 to 2019. Likewise, inflation rate in 2020 was the growth in prices from 2019 to 2020

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