Questuon The table shows the prices of products produced for three different years: year  Chicken Broccoli   Price $ Price $ 2016* 8 2 2017 9 3 2018 10 4 ❖ *Assume 2016 is the base year. ❖ Fix the Basket to 4 Chickens and 2 Broccolis. a. Calculate the Cost of the Basket for three years.  b. Calculate CPI for 2016, 2017and 2018. Identify the variable that does not change.  c. Calculate inflation rate for 2016-2017 and 2017-2018 using CPI Method.

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