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The table shows a typical household's market basket of goods in Winterland. 2015 2016 2017 Price Quantity Price Quantity Price Quantity Food $3 75 $4

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The table shows a typical household's market basket of goods in Winterland. 2015 2016 2017 Price Quantity Price Quantity Price Quantity Food $3 75 $4 90 $6 100 Toys $9 50 $16 60 $14 50 Clothing $15 5 $20 6 $22 4 a. Assume that 2015 is the base year. Using the data in the table, calculate each of the following and show your work. i. The consumer price index in 2016 ii. The inflation rate from 2016 to 2017Vertical Axis F7 F8 D F6 C F5 - - - E F4 ----- A B F9 F1 F2 F3 Horizontal Axis

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