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Handwriting solution Not required Use the information below to: a) compute the price index for each year using 2021 as the base year. (6 points)

Handwriting solution Not required

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Use the information below to: a) compute the price index for each year using 2021 as the base year. (6 points) b) compute the ination rate between the two years. (4 points) (Show all work) Item Quantity Unit Price-2020 Unit Price-2019 Coffee 40 pounds $5.00 $6.00 Rent 12 months 950.00 1,000.00 Pizza 100 pizzas 11.00 12.00 Cable 12 months 55.00 50.00 Vacation 3 weeks 450.00 500.00

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