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Use the available information to fill in the tables and compute the (made-up!) CPI index for 2019-2021. (Report all dollar amounts as integers (whole
Use the available information to fill in the tables and compute the (made-up!) CPI index for 2019-2021. (Report all dollar amounts as integers (whole numbers). Report all rates and index numbers rounded to the nearest two decimals. Do not use the rounded figures in your calculations.) Table 1 Basket of Goods 2019 2020 2021 Items Quantity Price Total Price Total Price Total $ $ $ salmon 25 $12 $15 $18 filet e- 5 $10 books bread 250 $3 loaves facial tissue 100 $4 boxes Total Spent TA $ $10 SA $ $3.50 A A $4.10 $ $9 A tA GA $ $ $4 +A $ $5 +A Periods Total Spent Index Inflation Rate 2019 $[total19] 2020 $[total20] 2021 $[total21] 100 Use the available information to compute the (made-up!) CPI index for 1920. (Report the index number rounded to the nearest two decimals.) Table 3 Year CPI Price 1920 0.15 2020 270 25 % % Table 4 Year CPI 1960 29.6 1970 38.8 1980 82.4 1990 130.7 2000 172.2 2010 218.056 2020 258.811 Suppose the average paperback book cost $1.25 in 1970. If the price of paperbacks kept up with inflation, how much should the average paperback book cost today? $
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