Question: table [ [ Item , Quantity,Price per Unit in 2 0 1 2 , table [ [ ( a ) vust ut mainet

\table[[Item,Quantity,Price per Unit in 2012,\table[[(a) vust ut mainet],[Basket in 2012],[(=quantity*2012 price)]],rive in 2022 per Unit in 2022,\table[[(i) vust ur marnet],[Basket in 2022],[(=quantity*2022 price)]]],[Coffee,20 pounds,$4,$,80,$5,$,100],[Tuition,1 year,$4,000,$,4,000,$7,000,$,7,000],[Pizza,100 pizzas,$8,$,800,$10,$,1,000],[Movie download,90 movies,$10,$,900,$5,$,450],[Gasoline,1,000 gallons,$2,$,2,000,$3,$,3,000],[,,Total in 2012,$,7,780,Total in 2022,$,11,550]]
Instructions: Round your response to two decimal places.
c. By how much has the average price level risen between 2012 and 2022? Hint: Compare the total basket cost in 2022 to the total basket cost in 2012.
%
d. The average household's nominal income increased from $50,000 to $80,000 between 2012 and 2022. What happened to its real income?
Real income
\ table [ [ Item , Quantity,Price per Unit in 2 0

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