Economics question

1. The following table shows the quantity of popcorn, Coke, and movie tickets a typical consumer buys. It also shows the prices for those goods in 2014 and 2015. Good Quantity Price in Price in 2014 2015 Popcorn $4 $5 Coke 3 $6 $8 Movie 5 $2 $3 Ticket Assume that 2015 is the base year. Show your work and all formulas used for full credit. a. Calculate the CPI for 2014 b. Calculate the CPI for 2015 c. Calculate the rate of inflation or deflation between 2014 and 2015 using the CPI numbers you calculated above. 2. In a different economy the CPI went from 150 in 2014 to 130 in 2015. Did this economy experience inflation or deflation between 2014 and 2015? What was the rate of inflation or deflation during that time