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Question: hello can someone help me answer this plz part c...

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Hello can someone help me answer this plz? Part C confuses me


Exercise 4: Calculate Inflation and Compare CPI vs GDP Deflator (14) Consider an economy in which pizzas and burgers are produced. In year 1, 20 million pounds of pizzas are produced and consumed, and the price of pizza is $2 per pound, while 40 million pounds of burgers are produced and consumed and the price of burger is $0.50 per pound. In year 2, 30 million pounds of pizzas are produced and consumed and its price is $1 per pound, while 30 million pounds of burgers are produced and its price is 81 per pound. 1. Using year 1 as the base year, calculate the GDP price deflator in years 1 and 2, and calculate the rate of inflation between years 1 and 2 from the GDP price deflator. (5) R22a lager:- Yern 60 eor2/ 2. Using year 1 as the base year, calculate the CPI in years 1 and 2, and calculate the CPI rate of inflation. (5) e2: Loo 3. Explain any differences in your results between parts (a) and (b). (4)
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