Lesson 4 ConcepTest 1. The small country of Nittanyville produces only 3 things: tutoring hours, iced teas, and baseball cards. Below are the production and the prices of those 3 things over a 4-year period. Good/ 2014 2014 2015 2015 2016 2016 2017 2017 Service Price Quantity Price Quantity Price Quantity Price Quantity Baseball $3.00 45 $3.00 50 $3.50 60 $4.00 65 Cards Assume that the average urban family of four in Nittanyville consumes 3 hours of tutoring, 4 iced teas and 5 packs of baseball cards. a. If the base year is 2016, calculate the CPI for Nittanyville for each year. b. Calculate the inflation rate in the year 2015 using the CPI information