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e. Use a chain weighted index tn determine haw Inneh prices have changed 'DIIl year 1 to year 2. Show your working. [5 paints) d] What is the advantage at using chain weighting? What is nne disadvantage? [5 points] PART E: Short Questions Short Question 1: {20 points] This question is based on the material in Chapter 2 of the textbook. The economy produces three goods: Cell Phones, Computers and Cars. [11 this economy, cell phone and computer prices have been falling over time, while car prices have increased over time. The prices and quantities of these goods, in two different years (year 1 and year 2}, are given below 1 2 Quantity of Cell Phones 100 151] Quantity of Computers 50 100 Quantity of Cars 11] 12 Price of ICell Phones {$) 10!] 80 Price of Computers [$} 1000' 600 Price of Cars {$} 500C! 8000 a. Use a Laspeyres index to determine how much prices have changed from year 1 to year 2, Show your working. [5 points] (Hint: You will rst construct real GDP growth using Laspeyres index} h. Use l'aasehe index to determine how much prices have changed from year 1 to year 2. Show yoin' working. (5 points) (Hint: You will rst constmct real GDP growth using l'aasche index]