Question: Check my work The table below lists the prices from last year and the base year for a college-related basket of goods. Assume that the

 Check my work The table below lists the prices from last

Check my work The table below lists the prices from last year and the base year for a college-related basket of goods. Assume that the typical basket of goods for a college student consists of 200 gallons of gas, 60 pizzas, 45 6-packs, and 3 textbooks. Basket of College-Related Goods Price Base Year Price Last Year Basket of Goods (dollars) (dollars) Gasoline (per gallon) $ 1.90 $ 2.50 Pizza (per pizza) 4. 50 7.95 Beer (per 6-pack) 4. 20 7.00 Textbook (per book) 100. 00 233.00 Instructions: Round your answers to two decimal places. a. Using the values above, what is the rate of inflation between the base year and last year? % b. Assume that rather than buying textbooks for their courses last year, all students decided to buy online access cards at $100 per textbook. What is the rate of inflation between the base year and last year now? %

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