Using a method similar to that used to calculate the consumer price index, the percentage change in the overall price level is %. True or False: If you were to learn that a bottle of Gatorade increased in size from 2023 to 2024, that information would lower your estimation of the inflation rate. True False True or False: If you were to learn that Gatorade introduced new flavors in 2024, that would imply that the inflation rate you estimated is overstated. True False

Suppose that people consume only three goods, as shown in this table: Tennis Balls Golf Balls Bottles of Gatorade 2023 Price $2 $4 $2 Quantity 100 100 200 2024 Price $2 $6 $3 Quantity 100 100 200 Complete the following table by computing the percentage change in price for each of the three goods. Tennis Balls Golf Balls Bottles of Gatorade Percentage Change