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Please answer question #6. The table below indicates the consumer prices for a small country that only consumers three goods. Assume that a basket consists

Please answer question #6.

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The table below indicates the consumer prices for a small country that only consumers three goods. Assume that a basket consists of 160 pears and 400 apples. Let 2020 be the base year when solving for CPI. This table is used for questions 5-7. Year Price of pears Price of apples 2019 $0.65 $1.05 2020 $0.70 $1.20 2021 $0.55 $1.70 5. Solve for the CPI in 2019. Round your answer to the nearest one decimal point. 6. Solve for the inflation rate in 2020. a. 9.9% b. 11.5% c. 16.2% d. 88.5% e. None of the above

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