Questions below

A typical family on Sandy Island consumes only juice and cloth. Last year, which was the base year, the family spent $18 on juice and $14 on cloth. In the base year, juice was $2 a bottle and cloth was $2 a length. This year, juice is $5 a bottle and cloth is $6 a length. Calculate a. The CPI basket. b. The CPI in the current year. c. The inflation rate in the current year. The CPI basket is bottles of juice and lengths of cloth. The CPI in the current year is >> >Answer to 1 decimal place. The inflation rate in the current year is percent. >>> Answer to 1 decimal place