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Economics question plz HELP ASAP 3. Students at St. Roch are comparing prices between two years for their prom. Item 2016 Price 2017 Price Index

Economics question plz HELP ASAP

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3. Students at St. Roch are comparing prices between two years for their prom. Item 2016 Price 2017 Price Index Tickets for two $50 $55 Car rental share $30 $45 Flowers $20 $22 Tuxedo/Dress $60 $70 Dinner $70 $100 Total $230 $292 a) Calculate an index for each item and an index for the total, using 2016 as the base year. (3 marks) Which item has increased the most according to the individual indexes? (1 mark) How much has the total increased according to the index? Use the total CPI of the two years to calculate the inflation rate of prom (3 mark) Page 4 of 6

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