Consider thefollowing:

Price Index in 2017: 91

Price Index in 2018: 100

Price Index in 2019: 110

Price Index in 2020: 130

Price Index in 2021: 148

a. The base year is 2018.

b. Calculate the inflation rate from 2018 to 2019. 10% (Enter your response as a percentage rounded to two decimalplaces.)

c. Calculate the inflation rate from 2019 to 2020. 18% (Enter your response as a percentage rounded to two decimalplaces.)

To be determined below:

d. Assume the cost of a market basket in 2018 is $1,883.0. (Enter your responses rounded to one decimalplace.)

Calculate the cost of the same basket of goods and services in 2017.

Calculate the cost of the same basket of goods and services in 2021.