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Table The table below shows the prices of baseballs and baseball bats for three years. Assume the typical consumer's basket consists of 6 baseballs and

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Table The table below shows the prices of baseballs and baseball bats for three years. Assume the typical consumer's basket consists of 6 baseballs and 2 baseball bats. Show all calculations Refer to Table 1. If 2009 is the base year, then the consumer price index in 2008, 2009 , and 2010 was 2. The inflation rate From 2008 to 2009 is From 2009 to 2010 is 3. If the nominal interest rate is 4 percent and the real interest rate is -2.5 percent, then the inflation rate is

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