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Question 1: Complete Wonderland's Market Basket consisting of only two items in the following: Table using Yr 2019 as the base year: Yr 2019QtyPrice Yr2020QtyPrice

Question 1: Complete Wonderland's Market Basket consisting of only two items in the following:

Table using Yr 2019 as the base year:

Yr 2019QtyPriceYr2020QtyPrice

Oranges10$2010$40

Hair Cuts5$80 5$100

A)Calculate Wonderland's CPI for Yr2019

B)Calculate Wonderland's CPI for Yr2020

C)Calculate the Inflation Rate.

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