Consider a simple economy that produces only three products: hot dogs, torches and golf balls. Use the information in th

[answerhappygod]

Consider a simple economy that produces only three products: hot
dogs, torches and golf balls. Use the information in the following
table to calculate the inflation rate for 2018, as measured by the
consumer price index.
Product
Quantity
Base Year
Price (2009)
Price (2017)
Price (2018)
Hot dogs
10
$1.00
$1.50
$1.75
Torches
15
$5.00
$7.00
$6.75
Golf balls
8
$2.00
$3.00
$3.50
Now assume an investor is negotiating with the bank to pay
either a 1.5% interest rate or a 2.0% interest rate on loans
advanced. Will she/he be better off with the first or second
option? Explain carefully ( please Explain this part fully)