Assume that the price of a market basket of goods and ser vices is $2,000 in the base period, $2,060 one year later, and $2,100 two years later. What is the price index in the base period? After the...

Assume that the price of a market basket of goods and ser vices is $2,000 in the base period, $2,060 one year later, and $2,100 two years later. What is the price index in the base period? After the fi rst year? After the second year? What is the rate of infl ation in the fi rst year? In the second year?