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The following table lists the prices of a small market basket purchased in both 2008 and 2018. Assuming that this basket of goods is representative of all goods and services, compute the price of the market basket in (a) 2008 and (b) 2018 and then answer two questions about price levels and real income. Price per Unit a. Cost of Market b. Cost of Market Basket in 2008 Basket in 2018 Item Quantity 2008 2018 (Quantity*2008 price) (Quantity*2018 price) Coffee 20 pounds $7 $8 Tuition 1 year 6,000 10,000 Pizza 100 pizzas 13 16 Movie download 90 movies 4 2 Gasoline 1,000 gallons 2 3 Total Total 2008 2018 Instructions: Round your response to two decimal places. c. By how much has the average price level risen between 2008 and 2018? Hint: Compare the total basket cost in 2018 to the total basket cost in 2008