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Use the following table to answer the following questions. Year Price of Burgers Quantity of Burgers Price of Magazines Quantity of Magazines 2013 $4 100

Use the following table to answer the following questions.

Year Price of Burgers Quantity of Burgers Price of Magazines Quantity of Magazines

2013 $4 100 $2 180

2014 $5 120 $2.5 200

a.Calculate GDP for 2013 and 2014 using 2013 as the base year.

b. What is the economy's inflation rate?

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