Calculate the price of one unit of each vegetable

Reference no: EM133439402

Question: The residents of Farmtown spend all of their income on cauliflower, broccoli, and carrots. In 2021, they spend a total of $200 for 100 heads of cauliflower, $90 for 60 bunches of broccoli, and $48 for 400 carrots. In 2022, they spend a total of $196 for 70 heads of cauliflower, $135 for 90 bunches of broccoli, and $100 for 500 carrots.

Calculate the price of one unit of each vegetable in each year.
Using 2021 as the base year, calculate the CPI for each year.
What is the inflation rate in 2022?

Reference no: EM133439402

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