Question: please give the answer The following table shows a consumer's weekly purchases during 2011 and 2012: Prices ($) Quantities consumed per week (units) 2011 2012

please give the answer

The following table shows a consumer's weekly purchases during 2011 and 2012: Prices ($) Quantities consumed per week (units) 2011 2012 2011 2012 Hamburgers 2.50 2.75 5 4 Bottles of 1.25 1.3 10 11 Coke Q.1) Calculate the value of the consumer's 2011 shopping basket, first by using the 2011 prices and then by using the 2012 prices. (4 marks) Q.2) If 2011 is used as a base year, what is the 2012 value of the consumer's price index? (3 mark) Q.3) Using 2011 as the base year, what is the inflation rate between 2011 and 2012? (2 mark)
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