Question 15 Calc Infll E Listen For all questions in this section, refer to the following information: Calculate the inflation rate for each year based on both the GDP Deflator and the CPI using the following table: 2014 (Base Year) 2015 2016 Beer Chips Quantity Price Quantity Price $1 2 $2 $2 4 $3 $4 $4 How big is the real GDP growth rate between 2014 and 2015? 100% Year Price A Quantity A Price B Quantity B 2017 (Base 100 10 20 175 Year) 2018 101 10 20 75 2019 102 11 21 80 2020 101 11 22 80 Always round to one decimal and continue your calculation using the rounded values. O125% 220% 60% Question 17 Listen Question 16 E Listen 2014 (Base Year) 2015 2016 Beer Quantity Price 1 $1 2 $2 3 $4 Chips Quantity Price $2 $3 6 $4 2014 (Base Year) Beer Quantity Price 1 $1 $2 3 $4 Chips Quantity Price 2 $2 4 $3 6 $4 2015 2016 The 2015 GDP deflator is O200 Between 2014 and 2016, ----- 120 beer price inflation was higher than chips price inflation O 240 chips price inflation was higher than beer price inflation 160 O beer price inflation was the same as chips price inflation This question cannot be answered without additional information