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Consider the following Market Basket. Suppose only bread, laptops, and milk are produced in this economy 20 Points) 2009 2017 2018 Good Quantty Price Price

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Consider the following Market Basket. Suppose only bread, laptops, and milk are produced in this economy 20 Points) 2009 2017 2018 Good Quantty Price Price Price Bread 100 $ 1.00 $ 1.50 $ 1.75 Laptops 50 $300.00 $400.00 $425.00 Milk 200 $2.75 $5.00 $6.00 Assuming a 2009 base year: a. Calculate the CPI for 2017 and 2018 b. What was the inflation rate in 2018

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