Question: 2. Suppose that people consume only three goods, as shown in this table: What is the percentage change in the price of each of the

2. Suppose that people consume only three goods, as shown in

2. Suppose that people consume only three goods, as shown in this table: What is the percentage change in the price of each of the three goods? Using a method similar to that used to calculate the consumer price index, compute the percentage change in the overall price level? c. If you were to learn that a bote of Gatorade increased in size from 2011 to 2012, should that information affect your calculation of the ination rate? If so, how? d. If you were to learn that Gatorade introduced new flavors in 2012, should that information affect your calculation of the ination rate? If so, how? 53'?\

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