What is the inflation rate

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Reference no: EM13200499

Suppose that the resident of vegopia spend all of their income on cauliflower,broccoli and carrots.in 2006 they buy 100 heads of cauliflower for $200,50 bunches of broccoli for $75 and 500 carrots for $50.in 2007 they buy 75 heads of cauliflower for $225,80 bunches of broccoli for $120 and 500 carrots for $100.

a.Calculate the price of each vegetable in each year.

b.Using 2006 as the base year,calculate the cpi for each year.

c.What is the inflation rate in 2007.

Reference no: EM13200499

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