B. Calculating inflation using a simple price 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 on the market basket for the CSPI and the prices of each of the goods in 2010, 2011, and 2012. The cost of each item in the basket and the total cost of the basket are shown for 2010. Perform these same calculations for 2011 and 2012, and enter the results in the following table. Gunpose the base year for this price index is 2010 . Suppose the base year for this price index is 2010. In the last row of the table, calculate and enter the value of the CSPI for the remaining years. Between 2010 and 2011, the CSPI increased by . Between 2011 and 2012, the CsPt increased by Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of geing to college? Check all that apply. Professors required each student to buy 15 notebooks, regardiess of the price. As the price of energy drinks increased relative to the price of coffee between 2010 and 2012 , students decreased their consumptien of eneroy drinks and increased their consurnption of coffee. The quylity of textbooks increased dramatically from 2010 to 2012 , with textbook comparies bundling new online study aids with ther books. A new type of personal transporter, which made it easier to get around places like university campuses, becamie available for purchise