Scenario: Price Index Suppose that in the base period a college student buys 20 gallons of gasoline at $2.613 per gallon, 2 CDs for $13 each, and 4 movie tickets for $2 each. In the next month1 the price of gasoline is $2.25 per gallon, CD5 cost $12.50 each, and the price of a movie ticket is $2.51]. (Scenario: Price Index] The change in prices for the month is: C) 2.6%. Q 94%. O 6.4%. O 5%. Table: GDP II 2007 2008 Nominal GDP 400 500 Real GDP 360 480 (Table: GDP II) Using the information in the table provided, calculate the GDP deflator for 2007. O 111 O 104 O 90 O 96Inflation rate Year Price index (percent) 1 100 2 117 A 3 125 B 4 120 C 5 D 8.3 6 150 E In the table above, what inflation rate belongs in space C? O 17.0 percent O 6.8 percent O 8.3 percent O -4.0 percentIf the CPI rises from 120 to 126, then O on average, the price paid by consumers for a fixed basket of goods and services rises by 6% O the price of gasoline rises by 6% O on average, the price paid by consumers for a fixed basket of consumer goods and services rises by 5% the price of housing rises by at least 5%