Using a method similar to that used to calculate the consumer price index, the percentage change in the overall price level is

.

True or False: If you were to learn that a bottle of Gatorade increased in size from 2020 to 2021, that information would raise your estimation of the inflation rate.

True

False

True or False: If you were to learn that Gatorade introduced new flavors in 2021, that would imply that the inflation rate you estimated is overstated.

True

False