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IVidcroeconomics Topic 2.4 Price Indices and Inflation The country of Jenlandia produces only three goods: eggs, bread, and milk. Use the table to complete the following. Assume that 2019 is the baseyear. Market 2019 2019 2020 2020 2021 2021 Basket Items Quantity Price Quantity Price Quantity Price Eggs 5 dozen $1 10 dozen $2 15 dozen $2 Bread 10 loaves $1 15 loaves $1 15 loaves $2 Milk 20 gallons $3 25 gallons $4 30 gallons $3 1. Calculate the cost of a market basket in the base 3. Calculate the CPI for 2019. Show your work. 75 x 100 year. Show your work. 100 =[P) 4. Calculate the CPI for 2020. Show your work. 2. Explain why CPI is calculated using the same quantities as the base year instead of different quantities each year? 5. Calculate the CPI for 2021. Show your work