questions 1-5

Here is Fred's basket of purchases in 2021: Pizzas - 20, Beer - 50, Gas - 30. The prices of these three things in 2021 are: Pizzas - $8, Beer - $3, and Gas - $3.50 In 2022, the prices change to : Pizzas - $10, Beer - $2, and Gas - $1.00 1. How much does Fred spend on his purchases in 2021? 2. How much does Fred spend on his purchases in 2022? Now create an index number for both years with 2021 being the base year. 3. What is the index number representing the prices of 2021? 4. What is the index number representing prices in 2022? 5. What was the inflation rate from 2021 to 2022