Please check to see if I did this practice correctly and if not, show me the correct calculations. Thanks.

AP Macroeconomics Practice: Investigate Inflation Full Name: (print clearly) Good and unit Coffee, pounds Gasoline, gallons Cereal, boxes Electricity, kwh Milk, quarts 1. Complete the table below by calculating the total basket price and the price level for 2006, 2007 and 2008, assuming that the base year is 2004 with a total basket price of $163. User Name: Quantity b. From 2007 to 2008 inflat 3 30 5 200 12 Total Price level 2. Calculate the inflation rate for each of these periods: a. From 2006 to 2007 Price in 2006 $10.25 $3.50 $4.25 $0.11 $1.75 19.86 19.86/163 X/00 =12.18% CPI 2008 - CPI 2007) / (CPI 2007) CPIX 41- inflation rate= CPI 2007- CPI 2006)/CPI 2006) 211.25-2005 20025 x 100 =(5.62 LY Price in 2007 $10.30 $3.85 $4.25 $0.11 $1.80 182-211. 25/2 11.25x100 = = 13.84 Date: 20.31 20.31/16 5x100= 12.4690 Page 1 of 1 Price in 2008 $10.50 $2.90 $4.50 $0.10 $1.75 CPI in 2006= (3x10,25) + (30x3.50) + (5 x 4,25) + (200 x 11) + (12 x1-75) = 200; CPI in 2007 = (3x (03) + (30 x 3,85) + (5 x 4, 2) + (200x. 11) +(12x1.80) = 2 11.25 CPI in 2008 = (3x 10.5) + (30x2.4) + (5 x 41,5) + (200,01) + ((2x1,75-) = 182 19.75 19.75/163 = x 100 = 12.196 -0.24