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could you please help me with this question? and explain it. The table below lists the prices and quantities consumed ofthree different goods from 2018-2020.

could you please help me with this question? and explain it.

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The table below lists the prices and quantities consumed ofthree different goods from 2018-2020. 2018 2019 2020 \"W"W nun-. ---\" a. For 2018, 2019. and 2020, determine the amount that a typical consumer pays each year to purchase the quantities listed in the table above. Instructions: Round your answers to the nearest whole number. Consumer expenditure Instructions: Round your answers to one decimal place. b. The percentage change in the amount the consumer paid is _% from 2018 to 2019, and _'. from 2019 to 2020. c. It is problematic to use your answers to part b as a measure of ination because both price and consumption are changing v . Instructions: Round your answers to one decimal place. d. Suppose we take 2018 as the base year, implying that the market basket is fixed at 2018 consumption levels. Using 2018 consumption levels, the rate of inflation was_ '. from 2018 to 2019, and '. from 2019 to 2020. Instructions: Round your answers to one decimal place. e. Repeat the exercise from part d, now assuming that the base year is 2019. Using 2019 consumption levels, the rate of ination is :96 from 2018 to 2019, and :96 from 2019 to 2020. f. Your answers from parts d and e were different because the base years have the same consumption quantities v

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