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Question 3 (1 point) What is the inflation rate from Year 2 to Year 3 (aka, Year 3's inflation rate)? Use the data in the attached table. Click here for data. 1) 12.82% 2) 11.37% 3) 112.82% ()4) You can't find the inflation rate with the data given.Question 2 (1 point) Find the CPI for Year 3 using the data in the attached table. Click here for data. 1) 141 2) 718 3) 122.59 4) 135Kate earns $100 a month. She buys bubble gum and bracelets during the month. Bubble gum costs $1.25 a pack. Bracelets are $5 each. What is Kate's purchasing power for bubble gum? What is Kate's purchasing power for bracelets? (@1) Her purchasing power is 16 packs of gum and bracelets. 2) Her purchasing power for gum is 80. Her purchasing power for bracelets is 20. 3) Her purchasing power for gum is .0125 and her purchasing power for bracelets is .2. > 4) Purchasing power cannot be determined from the data given.Use the following table to answer questions 2-3. Consider an economy that only produces 2 goods, apple cider and pumpkin pies. Year 1 is always the base year in this economy. The typical consumer in this economy buys 25 gallons of apple cider and 14 pumpkin pies each year. Year Quantity apple Price of apple Quantity of Price of pumpkin cider produced cider (per gallon) pumpkin pies pies (in gallons) produced Year 1 500 $1.20 1000 $10.00 Year 2 510 $1.50 1100 $12.50 Year 3 490 $1.75 1090 $14.00