Asking for assistance

CENGAGE I MINDTAP Homework (Ch 24) Back to Assignment Attempts Q Search this cours Keep the Highest / 3 1. Calculating inflation using asimpleprice index Consider a fictional price index, the College Student Price Index (CSPI), based on a typical college student's annual purchases. Suppose the following table shows information n the market basket for the CSPI and Yie prices of each of the goods in 2017, 2018, and 2019. The cost of each itemn the total cost of the basket are shown for 2017. Perform these same calculations-for 2018and 2019;and enter the results in the following table. 2017 -Price Cost 2018 Cost (Dollars) Price (Dollars) 75 150 2019 Cost (Dollars) Notebooks Calculators Large coffees Energy drinks Textbooks Total cost Price index Quantity in Basket 10 200 100 10 (Dollars) (Dollars) 50 100 20 50 200 200 1,000 1,470 100 Price (Dollars) 54 120 Suppose the base year for this price index is 2017.