Consider an economy in which the typical household consumption basket consists only of 2 apples and 4 oranges. Below are the per-unit prices of these goods for 2017, 2018 and 2019. Please use 2017 as the base year. Per Unit Prices Year Apples ($/unit) Oranges ($/unit) 2017 1.00 1.0 2018 1.25 1.50 2019 1.50 2.00 Refer to CPI questions 3 and 4. What happens to the relative price of apples in terms of oranges between 2017 and 2019? How would you expect households to change their consumption behavior based on these changes? How would this affect inflation rates? Explain your answers clearly with 4-6 sentences. Only responses with a correct explanation will be awarded credit. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph v Open Sans,sa... V 10pt v B X : : ... O WORDS POWERED BY TINY QUESTION 18 8 points Save Answer Consider the concept of saving and investment, as defined by macroeconomist. Provide one example of each, clearly explaining how your chosen example meets the definition of saving or investment. Answers without correct explanations will earn no credit. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) B I U S Paragraph v Open Sans,sa... V 10pt v - + RBC V V 1 " ne ... O WORDS POWERED BY TINY QUESTION 19 2 points Save Answer Identify to which component or components of GDP, if any, the following transactions belong. Transaction: UMASS Dartmouth pays a work study student to work in the library. O c OG O NX Not Counted