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Prices Market Basket of Product 2010 inamyoldam 2015 Goods Mocha coffee 100 cups $2.00 per cup volganu $$2.50 per cup Sweet 19vo bro al $1.50

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Prices Market Basket of Product 2010 inamyoldam 2015 Goods Mocha coffee 100 cups $2.00 per cup volganu $$2.50 per cup Sweet 19vo bro al $1.50 per no 50 quarts ugog long Jutis $2.20 per pudding quart quart Cassava leaf $1.00 per bevolume sig $1.20 per mul salad 25 packages package package The nation of GRAVESLANDIA cultivates coffee beans and cassava, from which all their consumer goods are produced. (a) Calculate the cost of the market basket of goods in the table in 2010 and in 2015. Show your work. (b) Use 2010 as the base year to calculate the price indices for 2010 and 2015 for the market basket of goods in the table. Show your work. now bepbwoozib to 19dmul (c) In order for a citizen of GRAVESLANDIA to maintain the same standard of living siz orlj 916lual6) (6) between 2010 and 2015, what percentage change in nominal income would be needed? Explain. show A. -slugled (d) HOW B

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