Work with the same data to answer the questions below:

Consider an economy in which production and prices for three years (2014, 2015, and 2016) are summarized in the following table:

Year	Food Produced	Price of Food	Shelter Produced	Price of Shelter	Medication Produced	Price of Medication
2014	20,000	$2.10	8000	$40	600	$50
2015	21,500	$2.50	8200	$40	650	$100
2016	24,000	$2.70	8400	$40	1000	$120

Economists treat 2014 as the base year in their calculations. They have determined that the average citizen consumes 30 units of food, 12 units of shelter, and 6 units of medication per year.

1) calculate the GDP deflator for 2014.

2) Using the same data as the previous question, and carefully following all numeric directions, calculate the cost/price of the market basket for 2015.

3) Using the same data as the previous question, and carefully following all numeric directions, calculate the CPI for 2016.