[Question Two 140 points]: 1. A consuruer expenditure survey reports the following information on consuruer spending: _I- -E- a) Using 202G as the base year} by how much does a "cost of products" index increase between 3532:] and 2021? ( 1 It] points] h) Calculate the ination rate between 2021] and 3021, using the CPI you calculated in (a) {ID points] 2. The CPI equals 1.043 in year one and 1-40 in year two- If the nominal wage is $3l in year one and a contract calls for the wage to be indexed to the CPI: what will he the nominal wage in year two? 11' 1 points) 3. Waleed is leading Emad $151130 for one year. The CF] is 1.4 at the time the loan is made- They expect it to be 1.54 in one year. If Wale-ed and Emad agee that Waleed should earn a 5% real return for the year: what is the nominal interest rate?I ( 1 It] points]