How much inflation has Econ Land experienced from 2015 to 2020? State your answer as a percentage.What would $60,000 of 2015 wages earned in Econ Land be worth in 2020 dollars?As president of Econ Land your economic advisor, A. Boom, is filling you in on some of the issues that Econ Land's economy faces, such as inflation. 2010 (Base Year) 2015 2020 Product Quantity Price Expenditures Price Expenditures Price Expenditures Medical 3 $80 $240 $100 $300 $120 $360 Tacos 50 $3 $150 $5 $250 $6 $300 Phones 1 $150 $150 $200 $200 $250 $250 Calculate the Consumer Price Index (CPI) for Econ Land in 2015 and 2020