Year Waffles (Quantity) Waffles (Price) Orange Juice (Quantity) Orange Juice (Price) Toaster Ovens (Quantity) Toaster Ovens (Price) 2010 1000 $0.80 400 $4 280 $22 2011 1200 $0.90 410 $5 300 $25 2012 1500 $1 420 $6 300 $28 The above, like I said, is production data.  Consumption data is as follows: the average citizen consumes 80 waffles, 20 units of orange juice and 10 toaster ovens.  2010 is the base year for all calculations. Carefully following all directions for entering your answer, tell me the cost (price) of the market basket for 2011.   Carefully following all directions for entering your answer, calculate the inflation rate, using the CPI, for 2011-2012.   Carefully following all directions for entering your answer, calculate the inflation rate, using the CPI, for 2011-2012.   Carefully following all directions for entering your answer, calculate the GDP deflator for 2011 for this economy

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