Question: Use the following table to answer the question. The table shows the prices and the quantities consumed in Vegetarian Country. Suppose the base year

Use the following table to answer the question. The table shows the

Use the following table to answer the question. The table shows the prices and the quantities consumed in Vegetarian Country. Suppose the base year is 2020. Also, suppose that 2020 is the year the typical consumption basket was determined, so the quantities consumed in 2020 are the only quantities needed to calculate the CPI in each year. Year Quantity of Carrots. 100 Price of Carrots 2020 $2.00 2021 2.50 90 2022 2.75 105 What is the value of the basket in the base year? Price of Celery Quantity of Celery 100 120 130 $1.00 0.90 1.00

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