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MARKET BASKET OF 1982 (base year) 1990 2000 2010 GOODS Price Cost Price Cost Price Cost Price Cost 50 cups Coffee $0.80 $1.80 $1.40 $4.00

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MARKET BASKET OF 1982 (base year) 1990 2000 2010 GOODS Price Cost Price Cost Price Cost Price Cost 50 cups Coffee $0.80 $1.80 $1.40 $4.00 40 Doughnuts $0.40 $0.60 $0.50 $1.00 4 Hair Cut $8.00 $9.00 $13.00 $20.00 12 Books $12.00 $15.00 $11.00 $16.00 Total Total Total Total Cost Cost Cost Cost 1) Complete the table above: (4 points) 2) Calculate the CPI Indexes for: (1 point each) (Round indexes to 2 decimal places) Base Year 1990 2000 2010 nosh upid, mont 3) Calculate the rate of inflation from: (2 point each) (Round percentages to 2 decimal places) Base year - 1990 1990 - 2000 1990 - 2010 2000 - 2010

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