Q1. A simple economyr produces only two goods, bread, and automobiles, neither being used as intermediate inputs, and it has no government, investment, or trade. In this case since GDP is Y = C- Data for three periods are given in the following table: Year 1990 Year 2000 Year 2010 Price of Bread, $ray 6 10 12 Automobiles, 95 45,000 50,000 60,000 Quantitlr of Bread, trays 550,000 500,000 Automobiles b. Using 2000 as the base year, calculate the CPI for 2000, 2010 and the average annual growth rate of the CPI between 2000 and 2010. Comment on any implications your results have for the welfare of households in this economy (Hint: welfare is improved if GDP growth exceeds that of price level}.\\