The table shows the quantities of the goods Suzie bought and the prices she paid during two consecutive weeks. Coffee Books Gasoline Week 2 Calculate the cost of Suzie's CPI market basket in Week Item 1 and in Week 2. Coffee Suzie's CPI market basket contains the goods she bought in Week 1. What percentage of the CPI market basket is gasoline? Calculate the value of Suzie's CPI in Week 2 and her inflation rate in week 2. Week 1 Item Books Gasoline Concert The cost of Suzie's CPI market basket in Week 1 is $111.25. >>> Answer to 2 decimal places. Gasoline is percent of the CPI market basket. >>> Answer to 1 decimal place. The cost of her CPI market basket in Week 2 is $ 113.75. >>> Answer to 2 decimal places. Quantity 15 cups 1 30 gallons Quantity 15 cups 2 20 gallons 1 ticket Price $2.25 a cup $25.00 each $1.75 a gallon Price $2.25 a cup $12.50 each $2.25 a gallon $95 each

The cost of a gallon of gasoline was $0.57 in 1975.  If the cost of gasoline grew with inflation what would the cost be in 2021?  How does this compare this to the actual cost of gasoline in 2021?  Explain your answer using a meaningful sentence.  CPI in 1975 was 53.8 CPI in 2021 was 270.97

What is the Consumer Price Index (CPI)?

Suppose your mother received a salary of $35,000 in 2000. To preserve the purchasing power, what should this salary be in 2020 if the CPI in 2000 was 120 and CPI in 2020 is 200. Show all your calculations.

In terms of CPI, define the general inflation rate?