The Lim family consumes only apple juice, bananas and rice in a year. Prices in the base year are $4 per litre of apple juice, $3 per kg of bananas and $5 per kg of rice. In 2018 (base year), the Lim family spent $40 on apple juice, $45 on bananas and $25 on rice. In 2019, the price of apple juice was $3 per litre, the price of bananas was $4 per kg and the price of rice was $7 a kg. Calculate the Consumer Price Index (CPI) for the Lim family. [State the formula and show full workings]. State the final answer in a complete sentence, correct to one decimal place. (6 marks) Suppose you compare your income this year and last year and nd that your nominal income fell but your real income increased this year. How could that have happened? Explain clearly