Karaoke Machines CDs Quantity Price Quantity Price 10 12 2017 $40 60 30 $10 12 2018 50 a. Using a method similar to the CPI, compute the percentage change in the overall price level. Use 2017 as the base year and fix the basket at 1 karaoke machine and 3 CDs. b. Using a method similar to the GDP deflator, compute the percentage change in the overall price level. Also use 2017 as the base year. c. Is the inflation rate in 2018 the same using the two methods? Explain why or why not. 6. Which of the problems in the construction of the might be illustrated by each of the following

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