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Thankssssssssssss Suppose that the residents of Fashionland spend all of their income on dresses, hats and shoes. In 2019, they buy four dresses for $400,

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Suppose that the residents of Fashionland spend all of their income on dresses, hats and shoes. In 2019, they buy four dresses for $400, five hats for $250 and two pairs of shoes for $200. In 2020 they buy five dresses for $450, five hats for $300 and four pairs of shoes for $300. a. If the base year is 2019, what is the CPI in both years? [2 marks] b. What is the inflation rate in 2020? [2 marks]

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