Question 37 0 Suppose that a simple, imaginary economy produces only two goods: bread and apples. In addition to these two goods, the economy also consumes and imports chicken. Using the information below, answer the following questions Bread Apples Chicken 2019 Quantity 100 200 40 2019 Price $2.00 $1.20 $2.00 2020 Quantity 150 210 70 2020 Price $2.00 $1.40 $2.25 Calculate the growth rate in the CPI price levels between 2019 and 2020 using 2020 as the base year. Round all answers two decimal places and put % in the u Answer: x (8.60) x (%) Question 38 0 Suppose that a simple, imaginary economy produces only two goods: bread and apples, In addition to these two goods, the economy also consumes and imports chicken. Using the information below, answer the following questions Bread Apples Chicken 2019 Quantity 100 200 40 2019 Price $2.00 $1.20 $2.00 2020 Quantity 150 210 70 2020 Price $2.00 $1.40 $2.25 Using your CPI in 2019 and 2020 and the growth rate of the CPI price index, we know in this simple economy that: Deflation has occurred and the value of the dollar is increasing OInflation has occurred and the value of the dollar is increasing - Inflation has occurred and the value of the dollar is decreasing docx