In the year 2000, the CPI was 172.2 and the GDP deflator was 78.7. In 2019, the CPI had risen to 258.4 and the GDP deflator to 112.5. a. How much did prices increase from 2000 to 2019 according to the CPI and how much according to the GDP deflator? Why is there a difference? b.  If the price of a 12oz can of Coke was $1.25 in 2000 and the price was $1.75 in 2019, did the real price of Coke go up, down, or stay the same? Explain your answer.

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