Problem 9-2 (algo) The table below shows Consumer Y's monthly purchases during 2019, 2020 and 2021. Tacos Burritos Year

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Problem 9 2 Algo The Table Below Shows Consumer Y S Monthly Purchases During 2019 2020 And 2021 Tacos Burritos Year 1 (49.75 KiB) Viewed 15 times

Problem 9-2 (algo) The table below shows Consumer Y's monthly purchases during 2019, 2020 and 2021. Tacos Burritos Year 2019 2020 2021 (2019) $3.00 9.00 Year 2019 2020 2021 $ $ $ a. Calculate the value of Consumer Y's 2019 shopping basket using first 2019 price, then 2020 prices and finally 2021 prices. Enter your responses rounded to 2 decimal places. Price 48 Prices (2020) $3.90 9.50 Price Index b. If 2019 is used as the base year, what is the 2019 value of Consumer Y's price index? What is the 2020 value? The 2021 value? Inflation rate between 2020 and 2021 (2021) $4.00 9.25 Quantities Consumed per Month (2020) (2021) 6 2 4 5 % (2019) 7 3 c. Using 2019 as the base year, what is the inflation rate between 2019 and 2020? Between 2020 and 2021? Inflation rate between 2019 and 2020 %