Question 12 15 pts The 1932 Ford Coupe (aka Deuce Coup) is a classic car that has been anthologized in pop culture by, among others, The Beach Boys ("Little Deuce Coup") and George Lucas (American Graffiti). It is a very popular car among car enthusiasts and, at car auctions, opening bids for a Deuce Coup are usually well over $50,000. Based on data from the Federal Reserve Bank, the CPI for 1932 is 13.6 and for 2021 is 271.4. Part 1 (3 points): How much have prices increased from 1932 to 2021? Part 2 (3 points): Assume a brand-new Deuce Coup cost $485 in 1932. How much is that value in 2021 dollars? Part 3 (5 points): Assume that the typical Deuce Coup sells for $75,000 at an auction in 2021. How much has the value of the Deuce Coup increased from 1932 to 2021? Part 4 (4 points): Explain the difference between the price increase you calculated in Part 1 to the increase in value of the Deuce Coup you calculated in Part 3. Edit View Insert Format Tools Table 12pt Paragraph | BI VA Bu tzv. so D ~ || : Question 12 15 pts The 1932 Ford Coupe (aka Deuce Coup) is a classic car that has been anthologized in pop culture by, among others, The Beach Boys ("Little Deuce Coup") and George Lucas (American Graffiti). It is a very popular car among car enthusiasts and, at car auctions, opening bids for a Deuce Coup are usually well over $50,000. Based on data from the Federal Reserve Bank, the CPI for 1932 is 13.6 and for 2021 is 271.4. Part 1 (3 points): How much have prices increased from 1932 to 2021? Part 2 (3 points): Assume a brand-new Deuce Coup cost $485 in 1932. How much is that value in 2021 dollars? Part 3 (5 points): Assume that the typical Deuce Coup sells for $75,000 at an auction in 2021. How much has the value of the Deuce Coup increased from 1932 to 2021? Part 4 (4 points): Explain the difference between the price increase you calculated in Part 1 to the increase in value of the Deuce Coup you calculated in Part 3. Edit View Insert Format Tools Table 12pt Paragraph | BI VA Bu tzv. so D ~ ||