The writing assignment requires the application of your understanding of how CPI and inflation are calculated. Relevant knowledge is important because inflation affects all aspects of an economy, including policy-making and purchasing power.

Product	Quantity	Base Year Price (2011)	Price (2021)	Price (2022)
Burritos	10	$1.00	$1.50	$1.75
Flashlights	15	5.00	7.00	6.75
Golf Balls	8	2.00	3.00	3.50

Refer to the table above.

Consider a simple economy that produces only three products: burritos, flashlights, and golf balls. Use the information in the table to calculate the total expenditure for 2021 and 2022; the CPI for 2021 and 2022, and the rate of inflation for 2022, as measured by the CPI. Please include all your work.