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Use the table below to answer the following questions. Suppose a simple economy produces three goods only. The price and output data for two years

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Use the table below to answer the following questions. Suppose a simple economy produces three goods only. The price and output data for two years are shown below. Price Quantity Price Quantity (dollars) (number) ( dollars) (number) 2012 2012 2020 2020 Pop 3 400 3.25 500 Crackers 2.5 350 3.5 400 Cucumbers 4.25 200 4 300 1) The reference base period is 2012. The CPI in 2020 is 2) The reference base period is 2012. From 2012 to 2020, the cost of the market basket rose by percent. 3) The reference base period is 2020. The CPI in 2012 is

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