1. In an economy a typical Answer the following questions: consumer purchases 4 notebooks and 5 pens. The price of these products is given in the table below for three years. ETT Year Price of...

Can you please answer the questions 1 and 2.

Extracted text: 1. In an economy a typical Answer the following questions: consumer purchases 4 notebooks and 5 pens. The price of these products is given in the table below for three years. ETT Year Price of Notebook Price of Pen 2017 $4 $3 2018 $5 $3 2019 $6 $5 From the information given in the table above (assuming 2017 as the base year) calculate: • CPI fro 2017 • CPI for 2018 • CPI for 2019 • Inflation rate for 2018 • Inflation rate for 2019 2. How much of the following items would be worth in today's dollars if today's CPI is 260? • Popcorn that was sold for $7 in 2009 and the CPI in 2009 was 214 • A cup that was sold for $15 in 2015 and the CPI in 2015 was 237