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Table 2 The table below pertains to Pieway, an economy in which the typical consumer's basket consists of 15 bushels of peaches and 10 bushels

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Table 2 The table below pertains to Pieway, an economy in which the typical consumer's basket consists of 15 bushels of peaches and 10 bushels of pecans. Price of Year Peaches 2012 2013 $11 per bushel $9 per bushel Price of Pecans $6 per bushel $10 per bushel i) Refer to Table 2. Calculate cost of living in each year. (1 point) Refer to Table 2. Calculate CPI in each year if the base year is 2012. (1 point) Refer to Table 2. Calculate inflation rate in 2013. (1 point) iii)

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