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Solve clearly Question 2 The country of Myrule has produced the following quantity of gauges and potatoes, with the price of each listed in dollar

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Question 2 The country of Myrule has produced the following quantity of gauges and potatoes, with the price of each listed in dollar terms: 2001 2002 Good Quantity Price Quantity Price Gauges 8000 $4 10000 $3 Potatoes 6000 SS 5000 $14 a) Using 2001 as the base year, what are the price indexes for 2001 and 2002? b) What is the inflation rate using this index? c) What is the percent change in real output using this index

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