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Then email me with the le as an attachment. Do not hit Reply in the email in which I sent this, but send a new

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Then email me with the le as an attachment. Do not hit \"Reply\" in the email in which I sent this, but send a new email to me at the usual class email address. Please note: because this is an online test, the main emphasis is on your understanding of the problem and your ability to explain your answer. A correct answer without a full and clear explanation will earn you only partial credit. U.S. Consumer Price Index (H (H CH 01 1970 38.8 1983 100.0 1996 156.9 2009 214.5 1971 40.5 1984 103.9 1997 160.5 2010 218.1 1972 41 .8 1985 107.6 1998 163.0 201 1 224.9 1973 44.4 1986 109.6 1999 166.6 2012 229.6 1974 49.3 1987 113.6 $00 172.2 2013 233.0 1975 53.8 1988 118.3 $01 177.1 2014 237.0 1976 56.9 1989 124.0 $02 179.9 2015 238.1 1977 60.6 1990 130.7 $03 184.0 2016 243.0 1978 65.2 1991 136.2 $04 188.9 2017 247.9 1979 72.6 1992 140.3 $05 195.3 2018 252.7 1980 82.4 1993 144.5 ZDB 201 .6 2019 258.4 1981 90.9 1994 148.2 2007 $7.3 2020 260.0 1982 96.5 1995 152.4 $08 215.3 2021 271.7 Question 1: Part A: For an average family of four, a week's supply of food cost $45.00 in 1972. Assuming that the cost of food grew at the average US. ination rate, how much would the same food have cost in 2012? Note: a bit later in the course, we will see Why the year 1972 is so interesting.) Type your answer and calculations here: Part B: From 1972 until now, what percent of its value has the dollar lost? Please explain clearly and in detail. Type your answer, explanation and calculations here: Question 2 From 2001 to 2006, the Nominal GDP went from about $10.28t (\"t\" stands for trillion) to about $13.86t. This question has three parts. Part A: By what percent did the Nominal GDP grow from 2001 to 2006? Type your answer and calculations here: Part B: How much inflation was there from 2001 to 2006? Please give a specific percent and show how you got it. Type your answer and calculations here: Pad

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