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The monthly market basket for consumers consists of pizza, t-shirts, and rent. W The table below shows market basket quantities and prices for the base
The monthly market basket for consumers consists of pizza, t-shirts, and rent. W The table below shows market basket quantities and prices for the base year (Year 1) and in the following two years. Base Year (Year 1) Price in the Price in Price in Product Quantity Base Year Year 2 Year 3 Pizza 20 $2.00 $2.50 $3.00 T-Shirts 2 $10.00 $9.00 $10.00 Rent 1 $350.00 $385.00 $455.00 The ination rate between Year 1 and Year 2 is |:|%. (Round both answers to one decimal place.) The ination rate between Year 2 and Year 3 is |:|%
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