Consider an economy where only two goods are produced: bread and milk. The prices and quantities of these two goods during a three-year period are shown in the table below. Year Price of Bread Quantity of Bread Price of Milk Quantity of Milk 1 $2 1 $1 2 2 $3 2 $3 2 3 $4 3 $5 2 (a) (5 points) Using year 1 as the base year, compute GDP deflator for each year. Based on GDP deflator, calculate the inflation rate in year 2 and year 3. (b) (5 points) Using year 1 as the base year and assuming that the basket of goods consists of one bread and two milk, compute CPI for each year. Based on CPI, calculate the inflation rate in year 2 and year 3.