Economics This is one question with sub parts please provide accurate answer of every part as soon as possible. Styles 1. Ontario, Quebec, Alberta, and British Columbia are the most populous provinces in Canada. Below is the Consumer price index data for Canada and the four provinces for the last 21 years. Use the table to answer the following questions Consumer Price Index Year Canada Quebec Ontario Alberta British Columbia 2000 95.4 95.8 95.1 94.5 96.1 2001 97.8 98 98 96.7 97.7 2002 100 100 100 100 100 2003 102.8 102.5 102.7 104.4 102.2 2004 104.7 104.5 104.6 105.9 104.2 2005 107 106.9 106.9 108.1 106.3 2006 109.1 108.7 108.8 112.3 108.1 2007 111.5 110.4 110.8 117.9 110 2008 114.1 112.7 113.3 121.6 112.3 2009 114.4 113.4 113.7 121.5 112.3 2010 116.5 114.8 116.5 122.7 113.8 201 119.9 118.3 120.1 125.7 116.5 2012 121.7 120.8 121.8 127.1 117.8 2013 122.8 121.7 123 128.9 117.7 2014 125.2 123.4 125.9 132.2 118.9 2015 126.6 124.7 127.4 133.7 120.2 T 2016 128.4 125.6 129.7 35.2 122.4 2017 130.4 126.9 131.9 137.3 125 2018 133.4 129 135 140.6 128.4 2019 136 131.7 137.5 143.1 131.4 177 137 4 Predictions: On Accessibility: InvestigateStyles a) Describe how statistics Canada calculate the CPI (2 marks) b) Why is the CPI preferred to the GDP deflator when calculating inflation? (2 marks) c) Calculate the year-on-year inflation rates for Canada ii Ontario 111. Alberta IV. British Columbia V. Quebec (15 marks) d) Explain the results in "c" (2 marks) e) Based on the results, which province will you like to live in and why? (2 marks) f. Explain how the Central Bank uses interest rate to control inflation. (2 marks)