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Question: in country a there are only 3 goods milk butter...

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In Country A, there are only 3 goods: milk, butter and cheese. The following table shows the prices and quantities produced of the year 201o 2011, and 2012 2011 201 uantity Price 000 3 500 200 Price antity Price 000 4 400 1500 1000 300 600 Butter 4 Cheese 10 15 Table-11 3. Table-11: Suppose that the basket for a typical consumer is 10 units of milk, 3 units of butter and 6 units of cheese. What is the consumer price index (CPI) for each of the three years, using 2012 as the base year? A 2010: 57.5; 2011: 65.6; 2012: 100 В 2010: 174: 2011: 152; 2012: 100 С 2010: 100: 2011: 114: 2012: 174 D 2010: 100: 2011: 87.6; 2012: 57.5 4. Table-11: Suppose that the basket for a typical consumer is 10 units of milk, 3 units of butter and 6 units of cheese. What was the inflation rate from 2010 to 2011, using 2012 as the base year? A -14 percent B -12 percent C 14 percent D 12 percent

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