Fill in table and then Between 2017 and 2018, the CSPI increased by ..... %. Between 2018 and 2019, the CSPI increased by ..... %And which of the following if true would illustrate why price indexes such as CSPI might overstate inflation in the cost of going to college. Check all that apply: 1. As the price of energy drinks increased relative to the price of coffee between 2017 and 2019, students decreased their consumption of energy drinks and increased consumption of coffee2. Professors required each student to buy 10 textbooks, regardless of the price3. A new type of personal transporter, which made it easier to get around places like university campuses became available for purchase 4. The quality of textbooks increased dramatically from 2017 to 2019, with textbook companies bundling new online study aids with their books, but this quality change is hard to measure

1. Calculating ination using a simple price index Consider a ctional price index, the College Student Price Index (CSPI), based on a typical college student's annual purchases. Suppose the following table shows information on the market basket for the CSPI and the prices of each of the goods in 2017, 2018, and 2019. The cost of each item in the basket and the total cost of the basket are shown for 2017. Perform these same calculating; for 2018 and 2019, and enter the results in the following table. 20 17 2018 2019 Pride W 235: 7 Price Cost Price Cost Quantity in Basket (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) Notebooks 15 2 30 5 8 Calculators 1 7O 70 100 130 Large coffees 250 2 500 2 2 Energy drinks 50 2 100 4 6 Textbooks 10 120 1,200 150 180 Total cost 1,900 Price index 100 Suppose the base year for this price index is 2017. In the last row of the table, calculate and enter the value of the CSPI for the remaining years