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Fast i wii like Question 1 In an imaginary country, there are only 3 goods: Education, Health and Food and beverage. Table 1 shows the

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Question 1 In an imaginary country, there are only 3 goods: Education, Health and Food and beverage. Table 1 shows the prices and the quantities produced of these Not yet three goods during 2010, 2019, and 2020. A typical family basket is 5 Education, 3 Health, and 3 Food and beverage. Quiz navigation answered Marked out of 4.50 2010 2019 2020 6 P Flag P Q Q Q question Education 100 1000 100 1200 105 1180 Finish attempt .. Health 500 600 1000 400 1050 420 Food and beverage 70 600 80 800 75 840 Table 1 1. Compute the consumer price index (CPI) for each of the three years, using 2010 as base year. (1.5Marks) 1. Calculate the inflation rate from 2019 to 2020, and the annual inflation rate between 2010 and 2019. (1.5 Marks) 1. Complete table 2, knowing that the inflation rate was 2.5% during 2015. Interpret your results. (1.5 Marks) 2015 2020 Nominal Salary 45,000 60,000 CPI Salary in 2017 Dollars Nominal Interest 2.5% 0.5% rate Real interest rate DELL

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